RCOM

Technical Desk Call:11July2012

Strong Buy RCOM above 71.5 Stoploss 65 Target 80

Remarks: The stock has given "Bullish- Inverted Head and Shoulder Pattern" breakout on daily chart with increasing volume in support so we infers from chart that the stock is heading toward 200 EMA i.e Rs. 80 which should be its first Target, but our Ultimate Pattern target is Rs. 90.