RANBAXY LAB
CROSSED 200DMA...

After struggling for nearly couple of months trading below its 200dma and now finally stocked triggered the 200dma and closed above that level. Now this stock will kiss the 441 level. And as long as it stays above its 200dma then in the coming months we might see te 530 level. All leading indicators are showing strength. And support is at 405 which is 200dma and 392 which is the 50dma and thereafter at 350. Well even this stock got retracement of 61.8% of the fall from 441 to 350 which is at 406 and this suggest that the fall of 441 is eventually over at 350 and then we saw the correction of that fall.