Wednesday, June 23, 2010

Mitesh Thacker: Mahindra Satyam Can Touch Rs 100

Mitesh Thacker, Technical Analyst of miteshthacker.com is f the view that Mahindra Satyam can touch Rs 100.

Thacker told CNBC-TV18, "Mahindra Satyam has been buzzing throughout the day. The price target which we are looking at levels of around Rs 100 which is where the 200 day moving average is located. In the short term you might see this up move take a breather around Rs 100 but I think overall this trend looks pretty good. Eventually it appears that it might cross even Rs 100 and head towards levels of around Rs 115-120.

Source: moneycontrol.com

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