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Ranbaxy Laboratories Ltd

Buy Call @ CMP 305, Target 350,400,(Stop-loss@285 Monthly  July Close)

:-In upcoming months we have bullish view on Ranbaxy Laboratories. Its look like the negative trend is over when prices touch at lower level fear Band at 305. As per the Band theory in upcoming weeks we can see new positive reversal from the lower level of 305. We have long term buy call from the lower level 305 to upside target of 350,400  with stop loss of July monthly close of 285.
 In coming months we can see following levels in Ranbaxy Labs.

At 23.6%    retracement -  350
At 38.2%    retracement -  375
At 50.0%    retracement -  400
At 61.8%    retracement -  420
At 78.6%     retracement - 450


Ranbaxy Laboratories Ltd (Daily Chart)

Disclaimer:All information given here is largely based on technical analysis which is highly dynamic in nature and relevant only at a particular point of time. Users are advised to pursue these recommendations only at their own risk and first consult their personal investment advisor when making investment decisions. We are not liable and we take no responsibility for any loss that you incure by trading/investing on our recommendations. these study are posted for educational purpose only.

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