Unitech can touch Rs 200: Vasudeo

Technical Analyst, Hitendra Vasudeo is of the view that Unitech can touch Rs 200.

Vasudeo told CNBC-TV18, "Unitech has made a recent low with heavy volumes and on the same day we had seen the stock climbing to Rs 177 couple of days back and we have tested that resistance once again in early morning. So I think if it is able to cross Rs 178 then in the near-term we can expect a good upmove to around Rs 200. So I think corrective dips, minor dips down in the area of Rs 160 should be looked as a buying opportunity and alternately buy on break out around Rs 178. So we could see Rs 200 level if things are favorable for the stock from here."

Disclosure: Analyst doesn't have any personal positions but have recommended to his clients.