1. DIYTechnicalAnalysis is a private community of traders and investors interested in building wealth from Indian equity market. You can become a member with a one time registration fee of ₹199. Click here to become a member

Ranbaxy

Discussion in 'Technical Analysis' started by shahil_141, Feb 21, 2013.

  1. shahil_141

    shahil_141 New Member

    Joined:
    Jan 3, 2013
    Messages:
    13
    Likes Received:
    2
    Hi shabbir...what is your call on ranbaxy....its 415 now....
     
    shahil_141, Feb 21, 2013
    Share #1
  2. shahil_141

    shahil_141 New Member

    Joined:
    Jan 3, 2013
    Messages:
    13
    Likes Received:
    2
    Hi shabbir...whats your call on ranbaxy....??
     
    shahil_141, Feb 21, 2013
    Share #2
  3. shabbir

    shabbir Administrator Staff Member

    Joined:
    Apr 30, 2012
    Messages:
    6,670
    Likes Received:
    1,938
    Avoid it.

    Merged both your threads Shahil
     
    shabbir, Feb 21, 2013
    Share #3
  4. shahil_141

    shahil_141 New Member

    Joined:
    Jan 3, 2013
    Messages:
    13
    Likes Received:
    2
    415...very attractive....do u expect it to fall more...??
     
    shahil_141, Feb 21, 2013
    Share #4
  5. shabbir

    shabbir Administrator Staff Member

    Joined:
    Apr 30, 2012
    Messages:
    6,670
    Likes Received:
    1,938
    How do you think it is attractive because I think technically if it can fall from 580 to 415, it can go further down as well. If there is no downside then it should form a new support at around this level for at least couple of weeks to even months before moving up and so I don't see any attractiveness in this company technically.
     
    shabbir, Feb 21, 2013
    Share #5