No keen on Kingfisher Airlines unless until it crosses 25: Mitesh Thacker

In an interview to ET Now, Mitesh Thacker, Technical Analyst, miteshthacker.com gives his view on Kingfisher Airlines.

What is your call on Kingfisher Airlines?

It actually made a low below the 2008 low couple of weeks back in the middle of October. I think it attempted a weak pullback, the pattern of lower tops, lower bottoms still maintains over here.

So, I am not very keen on this unless until it crosses 25 and stays above there for sometime. Difficult days ahead but my sense is that it will break below 20 which was the earlier weekly low and probably drift down by about 10%-12% from those levels also.