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#1
6th January 2007, 11:46 PM
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ranbaxy purchase or sell at this movement
sir
pls tell us about ranbaxy shares, i want to invest, pls tell whether it is long term or short term to gain profits.  
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#3
7th January 2007, 01:46 PM
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Re: ranbaxy purchase or sell at this movement
Normall pharma stocks like ranbaxy and fmcg stocks like hll/itc perform or prices go up when profit booking takes place in other scrips.They are defensives which defend the index/market during these periods.
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#4
7th January 2007, 07:11 PM
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Re: ranbaxy purchase or sell at this movement
Quote:
Hi lordbalaji A quick look at the charts tells me that the scrip is likly to make a breakout.it has made a monthly high within the squeeze.The delivery volumes are not great and therefore i am cautious in respect of this statement.If you see a surge of 3x at least in 50 day volumes with price rise it can be considered as a signal.The W shaped bottom would be completed.In pharma the term is long term of +2 yrs to me. 
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