Technicals: Ranbaxy,Cairn and DLF

By | June 30, 2011 9:04 pm


Ranbaxy is facing a resistance in the range of 554-557 break of this range can propel the stock to 570 odd levels and failure to break the range can move the stock down to 514 levels. Good range to trade for swing traders

Buy above 557 Tgt 565 and 570

Sell below 544 Tgt 538,531 and 525



Cairn is trading in range of 302-314 and Indian government passing the deal today can give booster to stock on upside and move above its trading range.


Buy above 314 Tgt 318 and 323



DLF is back to its lower range of 206-208 where it has bounce from past 4 times. Will it be 5th time lucky?

Charts says so

RSI is in downtrend making stock in oversold regio.

Buy above 210 Tgt 212,214 and 216 SL 208


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