Technical Analysis of Indian Equities by Nooresh

Ranbaxy watchout for close above 460

As shown in the chart ... Ranbaxy is forming an excellent inverted head and shoulders pattern and needs a close above 460 for a breakout...
The expected breakout can take place in next few weeks and on close above should target 520-540 range minimum.Ideally would wait for the breakout 🙂
Regards,
Nooresh
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