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| Discuss Ranbaxy at the Equities within the Traderji.com - Discussion forum for Stocks Commodities & Forex; Hello everybody: Can anybody comment whether to hold or not for Ranbaxy Labs? Is it ... |
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#2
19th July 2007, 05:55 PM
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Re: Ranbaxy
Dear Savvy,
Ranbaxy ever since May'06 is in a downtrend, although the indices have consistently made major tops, this scrip has not been able to pierce it's previous tops, (500 in May'06, 450 in Oct'06, 430 in Jan 07, 401 in May 07 and 370 in July'07, these are the significant lower tops this scrip has managed to achieve in the last 12 months, this shows that supply is exceeding demand, many holding this stock are stuck and looking for an opp. to get out of this, causing this scrip to go down every time it has tried to come up, thus the possibility of this scrip touching 400 technically in the short term remains bleak. As u have mentioned that you do not mind holding long term, I would suggest that you keep a target for this scrip and whenever in the short term / long term it reaches there, u move out of this scrip. 
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#4
20th July 2007, 12:28 AM
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Re: Ranbaxy
Quote:
As mentioned in my earlier post, I am not bullish on this scrip, maybe the results on the basis of which you have bought july fut. may help you, but to be very frank, i believe that generally the professionals (read MF's,HNI's and FII) have a firsthand wind of the results and buy / sell well ahead of the results/acquisitions/mergers/ and such triggers (that's why many technical analysts believe that fundamentals are factored into the stock before the results) and the professionals buy at bottoms and gain from the ensuing rally You have bought at a good support level and though i am not bullish on this stock, your risk is low here since your price is near the strong support level of 335-340 I wish you luck and my best wishes.
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#6
20th July 2007, 12:43 PM
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Re: Ranbaxy
Quote:
As u mentioned, i'm looking at moving out with a target in mind but just wanted a general opinion, and your post was really helpful in understanding what might be causing this scrip to be down consistently.
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#7
20th July 2007, 12:49 PM
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Re: Ranbaxy
WoW!
Everybody here with lesss than 10 posts, all new members helping new members ............... I wonder what happened to people asking questions to seniors with 1000 + posts. Just an uncanny co incidence, that new, make that BRAND new members land up just here in these 2 or 3 threads and ask NEWBIES in the forum questions..... Really a coincidence I suppose.
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#9
20th July 2007, 01:03 PM
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Re: Ranbaxy
Very sweet questions, even sweeter answers, thanks going all around like soft drinks, like one happy family, BUT
These guys are strangers to each other, max 10 posts1 
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