Trading Idea: Buy Ranbaxy Laboratories

Short Term Trading Call

Charts Courtesy: http://www.icharts.in/












BUY:Ranbaxy Laboratories (Closing Price: 321)
Accumulation Zone: Rs.318-322
Stop Loss: Rs.312
Target: Rs.340


Trading Updates during the Week:

1) Videocon Indsutries
Aug 27: Buy Call initiated
Aug 28: 1st Target Achieved (30% Gains Booked)
SL trailed from 210 to 222
Sept 01: SL trailed from 222 to 232

2) HDIL
Aug 25: Buy Call initiated
Aug 29: 1st Target Achieved (40% Gains Booked)
SL Trailed from 280 to 290
Sept 01: SL trailed from 290 to 305
Sept 02: Trailing SL trigerred at 305 (Buying Price 295)
Trailing SL Strategy ensured No losses. Call Wrapped Up.

3) Tata Communication
Aug 25: Buy Call initiated
Aug 29: SL Trigerred at 500 & loss booked.

4) Orchid Chemicals
Aug 26: Buy Call initiated
Aug 28: 1st Target Achieved (60% Gains Booked)
Sept 01: SL trailed from 105 to 108
Sept 04: Trail SL from 108 to 117
Stock Going Strong towards our T2

5) United Phosphorus
Aug 28: Buy Call initiated
Sept 01: 1st Target Achieved (40% Gains Booked)
SL trailed from 158 to 162, Support at 162

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