Sasken Comm could head towards Rs 250: Thacker

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Sasken Comm could head towards Rs 250: Thacker

Mitesh Thacker, Technical Analyst, miteshthacker.com is of the view that Sasken Communications could head towards Rs 250.

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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 Sasken Comm See messages about Sasken Comm Sasken Comm BSE | NSE 30/05/12 Are Mutual Funds betting on Sasken Comm?

Mitesh Thacker, Technical Analyst, miteshthacker.com is of the view that Sasken Communication could head towards Rs 250.

Thacker told CNBC-TV18, "Friday was a very good day for Sasken Communication. We saw extremely strong price action coupled with good jump in volumes. The short term trend remains up and over the next few days we expect the stock price to test about levels of Rs 202-205. That is where supply could come in and that's the price target for the day which I have given. But overall once these levels are crossed the stock price still shows a lot of strength on charts and it could even head towards Rs 250 if you take a slightly longer term perspective."

Disclosure - Analyst does not have a holding in the stock discussed.