Thursday, September 2, 2010

5570-5600 is the next resistance zone which if crosses on daily /weekly closing basis then it would be a big breakout.

  
Stock View: Ranbaxy

Ranbaxy is looking hot above 500-501 in extreme short term as it is trading in the range of 20 points sice last few days. Buy Ranbaxy only if it sustains above 500-501 with stoploss of 493 and look for targets of 515/525 in short term..



Stock View: Tv -18

The stock has broken out from the consolidation pattern and is likely to move upwards. Buy Tv-18 @ current levels of 92-92.5 with stoploss of 88.5 and look for targets of 98/103 in short term..






Have a nice trading day

Regards

Ankit
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2 comments:

  1. alphabet1September 3, 2010 at 7:51 AM

    Hi Ankit,
    Max. for Ranbaxy 516 , last gravestone doji close eod.
    Sanjeev

    ReplyDelete
  2. Ankit ChaudharySeptember 3, 2010 at 10:33 PM

    Sometimes stock does extended targets.. There are late entrants into stock.. First target already achieved... Second mIght be done too

    ReplyDelete

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