Similar Patterns in twin Pharma stocks - Sun Pharma & Ranbaxy

Sun Pharma and Ranbaxy both have broken out in daily charts of a symmetrical triangle pattern on upside.

Use dips to accumulate stocks with stop losses provided for targets.

Sun Pharma  : Buy around 857 - 870 with SL below 830 for targets 925 - 940

Ranbaxy        :  Buy around 634 - 654 with SL 618 for targets 718 - 730

Sun Pharma Daily Chart

Ranbaxy Daily Chart

Raju V Angadi

Equity Research Analyst

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Disclaimer: This is just an view based on the research of individual for educational purpose. So kindly trade along with the consultation of your financial adviser, market trends, price action and own risk appetite considered while investing or trading in markets