Technical Desk Call:11July2012
Strong Buy RCOM above 71.5 Stoploss 65 Target 80
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.