Short term trading Idea : Buy RANBAXY

Ranbaxy (Cmp 429) : Buy only above 431 with stop loss of  425 for target of 462.

Note :
25.02.2013  HIGH 435  CLOSE 434
26.02.2013  HIGH 440  CLOSE 413.20, STOP LOSS TRIGERRED @ 425.

Investment Idea : Buy Ranbaxy

Ranbaxy (Close 516.20) : Buy above 518 with stop loss of 513 for target of 553 and 577.

Pick of the Week : Buy Ranbaxy Labs

Ranbaxy Labs (Close 505.15) : On 04.09.2012 Ranbaxy made a high of 578.40 and from there, the stock retraced 38.2% to the levels of 518. And then Stock made a high of 559.95 on  08.11.2012 and retraced 50% to the levels of 490 from the highs of 559.95. Now the stock seems to be over sold. 

Short term Investors can look to go long on the stock for target of 539 and 554.

Update : Ranbaxy and Lupin

Ranbaxy sell short term trading idea call given on 11.11.2012 , did a low of 525 today.

Lupin sell call given yesterday for intraday achieved our first target of 575.

Update : Ranbaxy Labs

Sell call given for Ranbaxy labs on 11.11.2012 , made a low of 530 today.

Short term trading : Sell Ranbaxy Labs

Ranbaxy Labs (Close 542.75) : Ranbaxy has formed Bearish Engulfing candle stick pattern on charts, Sell below 546 with stop loss of 551 for target of 522.

Buy Ranbaxy Laboratories

Ranbaxy Laboratories(cmp 531) : Buy at current levels with stop loss of 524, for target of 572.

Ranbaxy : View

Ranbaxy (Close 478.10) : from recent high of 539.50 has retraced 23.60% to the level of 473.50, In our opinion Ranbaxy should again should target 511, 536. One can buy this Stock with closing basis stop loss of 471 above 477. If this stock fails to close above 471, there is a possiblity of stock coming down to 433 & 400. So keep strict stop loss.