Technical view 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 :)

Article by Nooresh Merani

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