Kinnari_Prajapati

Price Action with clear picture of Volume on DRREDY:

NSE:DRREDDY   DR REDDYS LABS
------------------------------Price Action vs. Volume!------------------------------------

Let's talk on the left to the right side:
6th and 5th candles : wide body with normal tail and 3x volume which means buyers.

4rd Candle,
Volume less compared to 5th and 6th candle and price falling: Clearly showed that something is cooking and till price can move up because of abnormality seen with volume . Buyers are started booking profit!!!

3rd Candle: Tail in both sides, the volume also validated and clear its was profit booking started who has bought.

2nd: Upar wicks and price closed nearby opened which indicates that sellers ready to sell if they get chance.

---> We are ready for U-turn
Comment: Almost all are asking the same question ...! Let me answer here ->

I suggest to short this stock or buy put whenever create ATH.

Comments

ATH MEANS ?
+16 Reply
Great and can buy put options? Thanks
+9 Reply
@stockplan, no do not buy any put or call still wait and watch this time it is in middle from both option or ccall and putt
+7 Reply
Bharti Airtel will take their support on 492 and will go 515 then 530 @17 April 2020
+5 Reply
C-SJSR dineshmachroli
@dineshmachroli, Brother, I'm new to this... Can you please tell me about the analysis behind this?!!
+4 Reply
@C-SJSR, brother follow kr mujhe and 9466222221 ye mera whatsapp number hai ping karna mujhe i will tell u
+6 Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out