Today’s pick is PANTALOONR [stockquote]PANTALOONR[/stockquote]. The stock was trading in between Rs. 150 – Rs. 200 for most part of the year. It saw a bullish breakout of the range in November. The stock saw its 52 week’s high of Rs. 276 in January, and since then it is on a downtrend. In the last three months, the stock moved -32% vs. -4% of Nifty’s.
PANTALOONR has a historical volatility in the narrow range of 0.6 to 1.6. The scrip’s volatility is currently in the lower end of the range.
Given the technicals, we suggest a short-term buy. A long-term call could be taken depending on the directional move of the GMMA lines and price action near the support levels. Also, it is advisable to have a relaxed trailing stop-losses level to book profits in case of a trend-reversal.
For a better picture of the Retail sector as a whole, you can look at what the expert has to say here.