IDFC can touch Rs 175-180: Thacker

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IDFC can touch Rs 175-180: Thacker

Mitesh Thacker, Technical Analyst of miteshthacker.com is of the view that above Rs 165-166, IDFC can touch Rs 175-180.

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Excerpts from Your Stocks on CNBC-TV18 Watch the full show » ALSO READ See previous views by Mitesh Thacker See what other Experts & Brokerages are saying about IDFC See messages about IDFC IDFC BSE | NSE 10/02/12 Are Mutual Funds betting on IDFC?

Mitesh Thacker, Technical Analyst of miteshthacker.com is of the view that above Rs 165-166, Infrastructure Development Finance Company , IDFC can touch Rs 175-180.

Thacker told CNBC-TV18, "We are watching some kind of a good price action today. IDFC has been consolidating in range of Rs 165-159 for the past 4-5 trading sessions and on intraday charts there is some kind of a good breakout with supported well with the volumes. So I think over the next few days once it gets past this intraday high of Rs 165-166 I think you could see the stock heading towards Rs 175-180. Good momentum buy especially if you are in this trading market and looking for a horizon of 2-3 days."