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Aditya_Singh21

LONG POS. ON DRREDDY (NSE)!!!

Long
DR REDDYS LABS (NSE:DRREDDY)  
Aditya_Singh21 Updated   
NSE:DRREDDY   DR REDDYS LABS
Trend Analysis Chart Patterns Technical Indicators DRREDDY LONG swing swingtrade Good Risk/Reward Positivity highvolume
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trendanalysis chartpattern indicator drreddy long swing swingtrade goodriskreward positivity highvolume
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!
Trade closed: target reached
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