Thursday, March 27, 2014

NSE: RANBAXY [ Daily Chart ] Trading above 30 day moving average




  • Stock has taken support on 30 day moving average via spinning top.
  • It seems to have made bottom at the levels of 335 via hammer of long lower shadow and at 344 via long black body engulfed by long bullish belt hold candle.
  • If   stock succeeds to cross levels of 375 [as it will be the 3rd attempt to break the levels], it may then test the levels of 412.


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