Avoid Kingfisher Airlines, will head towards 12-11: Mitesh Thacker, miteshthacker.com

In a chat with ET Now, Mitesh Thacker, Technical Analyst, miteshthacker.com, talks about KFA. Excerpts:

ET Now: On the charts KFA?

Mitesh Thacker: The stock ventured about three months of consolidation between 27.5 to about 19, so breakdown should give you logical target in the range of about 12-11. And that is where the stock will head towards, so still an avoid.