Ranbaxy stock prices forecast 3-7 september 2012

Ranbaxy stock prices forecast 3-7 september 2012 : The share price of Ranbaxy has registered breakout from an ascending triangle pattern in the last week. In this week stock has consolidated at higher level and closed above its cluster of moving averages. The momentum indicator is also rolling upward. The above mentioned evidences suggest that the stock is likely to head towards the levels of Rs570/588 /600 in the near future.

We recommend a buy at current level and again on dip up to Rs 542—547 with a stop loss placed below Rs 533.80 for the above mentioned targets.

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