S Kumars has target of Rs 75: Thacker

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S Kumars has target of Rs 75: Thacker

Mitesh Thacker, Technical Analyst, miteshthacker.com is of the view that S Kumars Nationwide has target of Rs 75.

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

Mitesh Thacker, Technical Analyst, miteshthacker.com is of the view that S Kumars Nationwide has target of Rs 75.

Thacker told CNBC-TV18, "We have got a very good breakout yesterday in S Kumar. I think with the kind of price action yesterday we saw also is the fact that there was a price pattern violation, there was a triangle formation from, which the stock price broke out and as a result of that breakout we are seeing strong action today also. So we are bullish. The first target which we are looking was Rs 63. I think the price nearly made a high around those levels. I think once Rs 63 is crossed, one should look for further upside. My bet would be we would see Rs 75 over the next few weeks."