Buy Kingfisher Airlines on dips, says Rakesh Gandhi, Senior Technical Analyst at LKP.
Gandhi told CNBC-TV18, "I have been watching the chart of Kingfisher Airlines in the last two-three months that is since September and there is a great formation of a double bottom in a weekly chart and has seen a breakout above that today as it has broken above Rs 28 level."
He further added, "I believe that if the stock remains above Rs 28 level for maybe another day or two the stock could touch to the level of Rs 36-37. So it's a good buying opportunity on declines because today it is already up by 15%, I think one should buy at dips maybe tomorrow or maybe today by the end of the day."
