Ranbaxy Lab has support at Rs 325-335: Bhambwani

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Ranbaxy Lab has support at Rs 325-335: Bhambwani

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

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Excerpts from Your Stocks on CNBC-TV18 Watch the full show » RELATED NEWS Remain invested in Ranbaxy Lab Valtrex patent settlement +ve for Ranbaxy stock Buy Ranbaxy Laboratories at Rs 340 ALSO READ See previous views by Vijay Bhambwani See what other Experts & Brokerages are saying about Ranbaxy Labs See messages about Ranbaxy Labs Ranbaxy Labs BSE | NSE 25/05/12 Are Mutual Funds betting on Ranbaxy Labs?

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."