Ranbaxy

This is one of my fav. trading stock. It has volatility, volume and safety. As one of the biggest pharma company and one of the largest producer of generic drugs in India it is some what safe investment compared to many of them in Nifty fifty. At the same time the daily volatility and volume ensures that traders can take position and earn something out of it.

My current call is for a buy around 483-485 levels with a sl below 480 for a tgt of 500+ with in this week.

Ranbaxy Ltd

Ranbaxy Ltd
Face value Rs 5 Dividend Nil

The stock is trading in the range of 475-530 for some time now. Currently it took the support at 480 levels and moving up. One can go long at around 478-480 levels and look for the price targets of 505 and 530.

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Ranbaxy Ltd

Ranbaxy Ltd
Face value Rs 5 Dividend NIL

Ranbaxy found place in the buy recommendations of all the top technical analyst but I would like to differ from them and want to wait for the stock to cross and close above 534.5 for two or more days.. Hopefully it crosses that and people make lot of money going long on the stock.

Ranbaxy - Long

Ranbaxy (FV- Rs 10 , Dividend - NIL )


Long only above 530 levels for target of 580-600