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CMP : Rs 461
Ichimoku daily charts for Ranbaxy indicates a recent buy signal on the charts with EOD supports coming around Rs456-457 zone. One can buy this stock for a target of Rs 480 and Rs 512
Low Risk Buying in Ranbaxy
8 sec read
we sure have a double bottom, fast cloud break
but
too much congestion upto 480 and then upto 500.
Hi,
Since last few months u used 60min and 90 min charts extensively for Nifty and Bank Nifty, With Ichimuku. Which one do u think is more trust worthy..??
@DD
I feel comfortable with 90 min charts rather than with 60 min charts. 90 min charts are less noisier when compared to 60 min charts
True.
The market now functions 9.15 to 3.30, that is 6hours 15min.
In the Hourly many take this as 7×60 min candles, which skews since final candle has only 15min. [or first one 45min final one 30min]
If we take instead, a 90min, with final candle carrying the additional 15min, the error skew will be lesser.
But, Rajandran, its amazing you did not take time off from blogging !
Have a good blogging fun, both of you!!
Any stoploss…for Ranbaxy? Thanks as always
@ravi : 455 would be a better EOD stop loss
my buy signal is here for ranbaxy pls give the setting for eod , staNDARD lin,tuning line,delayed line etc
Are we still good with Ranbaxy?Thx
@ravi : 465 is the EOD need to exit if stoploss hits on EOD basis. Otherwise its still a buy.