Ranbaxy in daily chart is in strong uptrend with rising volume. It broke all its important daily moving averages 20, 50 and 100 and managed to close above them. It is also trading in narrowing wedge pattern from which it should breakout. Both stochastic and RSI showing positive crossover.
target of ranbaxy should be 550 with stop loss of 480.
CMP as on 30 sept 11 is 513.85
