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Ranbaxy Lab has support at Rs 325-335: Bhambwani

Published on Mon, Jul 30, 2007 at 14:22 |  Source : Moneycontrol.com

Updated at Mon, Jul 30, 2007 at 15:33  

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Vijay Bhambwani, Technical Analyst, .

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Technical Analyst, Vijay Bhambwani is of the view that Ranbaxy Laboratories has support at Rs 325-335.

Bhambwani told CNBC-TV18, "One sees a sign of recovery in Ranbaxy Lab and a sustainable recovery will actually be confirmed after the stock starts trading above Rs 445-450 with heavier volume and increase commitment of traders. At this point in time Rs 325-335 is a support base below which if the stock starts to trade constantly with heavier volumes I think it could signal another phase of either decline or consolidation or linear movement."

  

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