iCharts Discussions

[ridinghood]

dear casper bhai
can u pl guide about ranbaxy in the short nd medium term sl nd tgt pl!
thanking u in advance
regs
ridinghood

[casper]

hi ridinghood


look at the 5 min chart i am posting, it has - div, so i expect it to go down or gap down opening on monday near 495 which is a support

in near term we can expect upmove only above 505 as it is the new weekly pivot,above which we can expect up to 528 and 550

at the same time, the level of 490 is a strong support level as monthly s1 is here, below that support is seen at 480 level also

[ridinghood]

thnx alot casper for ur prompt response. it has helped forming proper strategy for the stock.

regs

ridinghood