Sudarshan Sukhani, s2analytics.com is of the view that one can buy Pantaloon Retail .
Sukhani told CNBC-TV18, "Pantaloon Retail is making a cup and handle pattern, which is a bullish pattern. It's also a pattern that suggests a reversal from an ongoing bear market, maybe it's doing that. So it is now a buy. Yesterday it pushed against that cup and handle pattern and broke out. There should be significant momentum on the upside now. It's a buy for position traders also."
He further added, " Power Finance Corporation (PFC) is a buying opportunity. It broke out yesterday in a very large range, prices moved up significantly. That tells us there will be follow through and probably an attempt to reach Rs 180. But I will just make a differentiation between Pantaloon which build a base and then broke out and PFC which made a v reversal. V reversal stocks cannot sustain. They have to go through deep correction. So PFC is a short-term buying opportunity. I don't think we can take a position trade here."
