Canara Bank – Short-Term Investments
This banking sector counter has been going through an ascending triangle type consolidation in the past few weeks. A failure to exceed 390-95 levels clearly suggests that the bears are still in force to absorb every demand near these levels. However what provides a positive hint is the fact that during this consolidation prices are [...]


Ranbaxy – Short-Term Investments
This stock was trapped in a tight congestion phase for several days and had a tough battle with 425-430 levels. A look at the attached weekly chart clearly suggests that this level was formed by a stiff resistance of the 62% retracement of the entire primary decline. The recent rise was quite swift and decisive [...]