NeeteshJain
Long

DR Reddy's - Bullish Head n Shoulder Pattern

BSE:DRREDDY   DR.REDDYS LABORATORIES LTD.
It is been observed on the daily chart that the price action forms an inverse Head N Shoulder pattern, indicating a positive and bullish move ahead.

Target 1: 2770

Target 2: 2810

Stoploss: 2690
Trade active
Trade active: After touching a strong support at 2705, it is coming up steadily.
Trade active: Stoploss revised to 2665
Trade active
Trade active: It is trending up and the final revision of SL 2650. Just sit tight, it shall rebounce.
Trade active: Coming back steadily, now Reddy Ready to boost.
Trade active
Trade active: Firing up
Trade active: As requested by many traders on email, here is the current chart of Dr Reddy's, it is been consolidating between a range as marked in the chart. Once it breaks above resistance zone or breaks below support zone then we could see a fast momentum in the stock.
Trade active: Breaking resistance zone
Comment: Reddy Ready to boost this time.
Trade active
Trade closed: target reached: It is been a week of consolidation and holding, and now eventually we reached our target successfully only by following the golden rule of trading "Sit tight". Thanks
A disciplined Trade always pays back , all you need Patience and emotional stability Provided a good trade setup .. Cheers
Reply
hold tight to your positions .. :)
+1 Reply
2668 is the strong support - it shall re bounce .. as said sit tight
+2 Reply
2665 broken, Exit or stop to be revised?
+1 Reply
LOL SABKE TARGET REVISE hote h sir ke sl
+1 Reply
NeeteshJain vishwambhar.vish4u
Reply
will be very bullish, can show 3300 again
+1 Reply
NeeteshJain pk29121976
@pk29121976, Yes, it shall work out well if it crosses 2750 levels.
Reply
Is SL on closing basis?
Reply
NeeteshJain abhinavk31
@abhinavk31, It is been revised as per the market trend. Thanks
Reply
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