ranbaxy purchase or sell at this movement

#3
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.
 

jatayoo

Well-Known Member
#4
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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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.:D
 

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