Add more positions in Sun Pharma; target upped to 533

Add more positions in Sun Pharma around 490. Its target has been revised to 533 from 503. Sun Pharma has made a flag pattern and broken out of it. The stock looks good as its trading in an upward channel and is above its 50 SMA.

Buy Godrej Consumer Products for a target of 489

Buy Godrej Consumer Product around 414, for a target of 489. Godrej Consumer Product is trading strong - (1) Its above its 50 SMA and (2) Also crossed above its ascending triangle.

Add more positions in IFCI for a target of 80/88

IFCI has consolidated by making a flag pattern and taken support at 54.  Its broken out of the flag pattern bounced back. Investors holding it can add more positions in it around 67 for a target of 80 and then 88.

Buy Union Bank of India for a target of 470

Union Bank of India has made a falling wedge pattern and has broken out of it. It can be bought around 350 for a target of 470.

Buy PNB for a target of 1415

Punjab National Bank has made a falling wedge pattern and has broken out of it. It can be bought around 1223 for a target of 1415.

Add more positions in Indraprastha Gas for a target of 380

Indraprastha Gas  has broken out of the pendant pattern. Investors holding Indraprastha Gas can add more positions in it around 340, for a next target of 380.