Aditya_Singh21

LONG POS. ON DRREDDY (NSE)!!!

Long
NSE:DRREDDY   DR REDDYS LABS
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

Comments

ath @ 4350 also becomes multi year breakout, may breakout in jun series.
+1 Reply
Aditya_Singh21 kkktwits5e
@kkktwits5e, Yes lets see if it breaks this resistance first
Reply
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