We need a sustained daily close and most importantly a weekly close if this rally is to be considered as a big breakout.

 
Stock View: Raymond

The stock has been consolidating in a tight range 350-410 since last 2-3 weeks and finally gave a breakout yesterday with huge vols. Buy Raymond @ 392-395 with stoploss of 375 on closing basis and look for targets of 450/480/500 in short/medium term.

Stock View: Prakash

The stock has underperformed the benchmark indices and now is making a triangle like pattern and is ready for a breakout if it sustains above the resistance zone of 190-192. Buy Prakash only if it sustains above 190-192 with stoploss of 180 on closing basis and look for targets of 215/230 in short term.

Have a nice trading day

Regards

Ankit