Today’s Pick: PNC Infratech (₹306.6): BUY

Infratec PNC Shares can be bought at current levels. The short-term outlook is bullish as it rose by around 5 percent on Thursday, breaching above the key resistance at $300-303 to confirm the inverted head and shoulder pattern on the daily chart. Neckline support is around $303 and the downside could be limited to $303 and a drop below is less likely.

The stock could rise to $340-350 over the next 3-4 weeks. Traders with a short-term perspective can buy PNC Infratech shares and accumulate more on dips at $304. Keep stop loss at $292. Trail stop loss up to $311 once stock moves up to $318. Move stop loss up to $323 dollars when you touch $330. Exit long positions at $340.

(Note: Recommendations are based on technical analysis. There is a risk of loss in trading.)