TradingView
Aditya_Singh21
May 20, 2020 10:58 AM
LONG POS. ON DRREDDY (NSE)!!!
Long
NSE:DRREDDY
1D
DR REDDYS LABS
NSE
Description
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May 20, 2020 10:58 AM
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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Jun 4, 2020 10:41 AM
Trend Analysis
Chart Patterns
Technical Indicators
DRREDDY
LONG
swing
swingtrade
Good Risk/Reward
Positivity
highvolume
Comments
kkktwits5e
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May 20, 2020 1:13 PM
ath @ 4350 also becomes multi year breakout, may breakout in jun series.
Aditya_Singh21
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May 20, 2020 1:38 PM
@kkktwits5e
, Yes lets see if it breaks this resistance first
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