Ranbaxy - Fall - Brain Storming

Most of the cases we will get indication well before the news.....................................................

Take Ranbaxy as study case,  there was a sharp fall due to some bad news.............................

However, on 16th January 2014 it has closed below 420.88 level (breakdown level)..............

So, tehcnically no body will be in Buy side below 420.88.......................................................

Now downside target may be 277.50.......................or else close above 351.05 trend may reverse..

So, News comes late, market reacts first....................................this is our view...................