Wire and Wireless can touch Rs 19.50: Thacker

Published on Thu, Nov 11, 2010 at 13:48 |  Source : CNBC-TV18

Updated at Thu, Nov 11, 2010 at 14:55  

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Mitesh Thacker, Technical Analyst

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Mitesh Thacker, Technical Analyst feels that Wire and Wireless can touch Rs 19.50-20.

Thacker told CNBC-TV18, "I think here Wire and Wireless  (WWIL) is bottomed out, though the key breakout happens only when the stock manages to close above Rs 16. We have seen a strong base formation in the range of Rs 16-14. Once it breaks above Rs 16, you could see probably a bigger uptrend unfold in the stock with targets in the range of about Rs 19.50-20.

  

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