Stockpicks: REC & Petronet LNG

The markets have seen too much volatility and given too many confusing signals in the past few days.
The 19000 support levels showed a bounceback but only to take it back below 19K
The markets have again got temporary support of its 200 DMA placed @ 18700 - 18750
But given the inflation, rate hike fears falling IIP and the result season, the market can show some more gimmics before returning to sanity.

Of Individual stocks,
Petronet LNG and REC look good on the charts.
Since they have given a nice breakout, the chances of a nice upside of 6-7 % in each (about the targets indicated) is possible.

REC Ltd: Falling wedge breakout. Also the indicators show oversold levels

Petronet LNG: A considerate time was spent in the pattern formed.