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After Break down on monday, its time for a small pause to go for wave (ii), Resistance 6024,6058 and 6083 will curtain the bulls.
>>> Ranbaxy - Update<<<
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Yesterdays Bad News - is Today's Good News - Applicable in Stock Market
Yes it applied to Ranbaxy also today. Hence Analyst appeared on TV said 'Worst is Over' for the Stock. Stock gaineds too after company has agreed to pay $500 million (approximately Rs 2,743 crore) to resolve fraud allegations that the company sold adulterated drugs and lied about it to US regulators.
So what does Tehcnical Say about it.??
464 and 474 should be the channel top if crossed my give upper hand for Bulls.
Stock opened at 423.8 and closed at 458 with good volume should be taken into account.
So lets wait and see.
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