Pantaloon Retail (India) Limited CMP— Rs 203.20
Technical Outlook & Trading Strategy:-
The Pantaloon Retail (India) Limited has registered a breakout from its inverted head and shoulder pattern with a strong volume. The stock has also closed above its cluster of moving averages. The momentum indicators are also in bullish zone.
Traders should look to initiate long positions now for price targets to levels of Rs 208 / Rs 212. We recommend all buy positions be protected with a stop placed below Rs 198.40.
