Buy Ranbaxy: Kunal Saraogi
With a stop loss at around Rs 553, the stock can be looked at from a buying perspective.
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| ET Now spoke to Kunal Saraogi, Technical Analyst, www.equityrush.com, on his view on Ranbaxy.
A quick word on Ranbaxy?
If you look at today’s move, today we have got a gap here on the charts. The gap is called a breakaway gap and this is definitely a buy at the current levels. With a stop loss at around Rs 553, the stock can be looked at certainly from a buying perspective.
The target that we have is about Rs 600 which is going to be the first hurdle but beyond that, there can be more headroom for the stock, definitely can be picked up at the current levels.
A quick word on Ranbaxy?
If you look at today’s move, today we have got a gap here on the charts. The gap is called a breakaway gap and this is definitely a buy at the current levels. With a stop loss at around Rs 553, the stock can be looked at certainly from a buying perspective.
The target that we have is about Rs 600 which is going to be the first hurdle but beyond that, there can be more headroom for the stock, definitely can be picked up at the current levels.
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