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
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