It is at really mouth watering levels but, technically need to wait. I don’t understand the fundamentals & the US FDA regulations of 483 etc so, absolutely confused … but, do keep this on your radar is my suggestion.
Chart below
Saturday, 10 August 2013
Random Charts
Posting some random weekly charts here, not trying to portray a gloomy picture. But, the overall picture does not look quite rosy … Maybe, except for likes of Rakesh Jhunjhunwala et al who feels its ok for investors to lock-in there slogged-a$$ sweat earned money at these levels for next 5 to 10 years. Definitely good for big fat sharks to exit and come back in-play at the right time, while the gullible long-term investor holds the baton for them … I’d rather be investrader & act accordingly on my own instincts.
SBIN – Aall izz wellll?
Future looks gloomy technically, reaching an strong support zone, will it hold? need to watch. If breaks down below this zone, we will be filling the 2009 Gap & will go down even to 1300 levels.
Weekly Chart below
Ranbaxy, Fresh Longs?
Think Again, Risk Reward favors only Shorts with maybe and I say maybe SAR above the critical levels. Charts below with the Critical levels to watch …
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