LONG POS. ON DRREDDY (NSE)!!!

May 20, 2020

This analysis is only for educational purposes, Invest at your own risk!

• The New 52 week high created by DRREDDY at the price 4,132.20 INR will serve as the resistance.
  
• A Doji candle was seen on the 19th of May(yesterday) which on the next day (20th May)rose the price with an abnormal Volume.
  
• The Market closed with a big green candle for DRREDDY, This opens a great long opportunity for traders buying in at price 3910-3915 INR.
  
• The target should be kept just bellow the Resistance at 4,132.20INR i.e. around 4010-4050INR.
  

Any kind of criticism is highly appreciated !
CHEERS!

Jun 4, 2020

Trade closed: target reached