Ranbaxy - Anybody expect it?

[knarendra]

Hai,
Today Ranbaxy blast, sky rockening 28% from previous close.
Anybody expect it? How?
Any indiactor point out this? pl.explain.

 

[bunny]

According to my trading system, it was a 'do not take any trade in this stock'. So it makes no difference to me whether I was short and this zoomed up, or whether I was long and it zoomed up.

According to my trading system, the outlook is even more bearish after yesterday's big move.

 

[nac]

I don't know...

This kinda move happens when I am short

huh!!! I missed this time

 

[Vertigo_1985]

Hai,
Today Ranbaxy blast, sky rockening 28% from previous close.
Anybody expect it? How?
Any indiactor point out this? pl.explain.

search for revenue declaration date for Ranbaxy.
There is only one indicator that can point this or trade this..your brain.

 

[manojborle]

printscreen

Bullish Wave formed on weekly chart.........

 

[tigerlal]

From a fundamental perspective:

Ranbaxy's domestic business + "assured" pipeline (Para IV ANDA + FTF) valuation with a "modest" 14x-16x valuation comes to about Rs 280-320/share. So, stock can be expected to be bottoming out whenever it hits those sub-280 levels, 'cause all the bad news flow etc were happening the US, which can only get better from here on.

So, esp given the overall "run to safety" on a bear market to Pharma sector stocks, expect large scale institutional buying starting around these levels. Expect at spurt to 440-460 levels before the stock price stabilizes and news flow dependent again.