Idea Cellular has target of Rs 74-76, says Mitesh Thacker, Technical Analyst, miteshthacker.com.

Thacker told "We have seen telecom sector loose lot of value in the last some quarters and it’s just bouncing back, so we are seeing good momentum in Bharti Airtel, Rel Com has stabilized at about Rs 160."

He further added, "Idea was the outperformer a couple of days back and it shot up to levels of about Rs 67-68 and its just consolidating now. So I would look at a target of Rs 74-76 and that's where I would advice to book losses or maybe the investor can average it now and exit around Rs 74-75 levels, the stop loss would be about Rs 61-62.”