Buy Kingfisher Airlines: Mitesh Thacker

In a chat with ET Now, Mitesh Thacker, Technical Analyst, miteshthacker.com, shares his views on Kingfisher Airlines.

Is there a quick trade in Kingfisher Airlines?

There is a possibility. It made a low of about Rs 19 on the 3rd of October, retested that on a closing basis recently about four days back, again closed at about 19.5, bounced back, it is trading above the last swing high of 25. Though I have not been very clear on the chart patterns over here but the way it looks like, it could probably head towards 28. So if somebody wants to buy it, keep it at a stop at about 23, look for targets of 28-28.5.