Stock Trading Chart: Ranbaxy,Reliance Capital and IDFC

The purpose of trading is to make money. Every action should bend to that goal. That does not mean every trade makes money. It means every trade gets to closer. If you are looking for comfort, get a teddy bear. If you are looking to be right, play trivial pursuit. If you want excitement, drive fast.

Ranbaxy

Ranbaxy is near its long term channel support of 490. Stock has been in downtrend from 560. Stock looks ripe for bounce if 490 is not broken.

Buy above 501 Tgt 

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