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Ranbaxy

Discussion in 'Technical Analysis' started by sujan4bw, Nov 6, 2012.

  1. sujan4bw

    sujan4bw Member

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    Hi All,

    W pattern in Ranbaxy....looking good. It is trading at 548 now.

    Target is 565...575. stop loss is 530.

    Regards
    Sujan
     
    sujan4bw, Nov 6, 2012
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  2. shabbir

    shabbir Administrator Staff Member

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    Almost a perfect W. Should be great going. My stop would be 518
     
    shabbir, Nov 6, 2012
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  3. suneelkoul

    suneelkoul New Member

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    W Pattern

    Hi Sujan/Shabbir,

    Kindly confirm if i have identified the W pattern correctly.
    If yes, should we not wait for the price to reach 560 level before taking position ?

    Thanks,
    Sunil.
     

    Attached Files:

    suneelkoul, Nov 6, 2012
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  4. shabbir

    shabbir Administrator Staff Member

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    Sunil, can you name the stock as well
     
    shabbir, Nov 7, 2012
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  5. m_padmakumar

    m_padmakumar Member

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    Results expected on 8th! Shall we wait for that before entry?

    Thanks
     
    m_padmakumar, Nov 7, 2012
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  6. verenmitter2001

    verenmitter2001 Member

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    Occupation:
    IT, Education & Ex-Army officer
    hi Sujan and Shabbir
    Took position in ranbaxy at 548.5

    Thanks
    Veren
     
    verenmitter2001, Nov 7, 2012
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  7. sujan4bw

    sujan4bw Member

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    It's already in up swing. You can wait till result come.

    Those who took positions make sure that you square off today how ever results might be.
     
    sujan4bw, Nov 7, 2012
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  8. shabbir

    shabbir Administrator Staff Member

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    Either entry can be few trading sessions before the result and get out just one day before the results are out or you can enter after a month after result and wait for next result.
     
    shabbir, Nov 7, 2012
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  9. suneelkoul

    suneelkoul New Member

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    The stock was Ranbaxy only
     
    suneelkoul, Nov 7, 2012
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  10. sujan4bw

    sujan4bw Member

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    Veren, Ranbaxy is trading at 558 now....you can book profit.

    They're going to announce results today.
     
    sujan4bw, Nov 8, 2012
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  11. verenmitter2001

    verenmitter2001 Member

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    Occupation:
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    Hi sujan
    Thanks for the guidance .
    I came out of stock in the morning trade @ 559

    Thanks
    Veren
     
    verenmitter2001, Nov 8, 2012
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