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Wealth_in_Abundance

Double Bottom formation in Dr. Reddy Lab.

Long
DR REDDYS LABS (NSE:DRREDDY)  
Wealth_in_Abundance Updated   
NSE:DRREDDY   DR REDDYS LABS
Chart Patterns
1
0
chartpattern
Double bottom formation Low of 4445.70 on 24/08/2021 and again Low of 4441.3 on 07/12/2021 on Daily chart. Accumulate this share in any decline for the TARGET of 4900 - 5000 with a stoploss of 4439.3
Comment:
The share is ranging in 4441 to 4900. Breakout above 4900 is possible this time as it has tried 5 times but fail and the trend reversal at 4440 to 4445 range is clearly seen in Daily Chart. Breakout of 4440 is danger. Stay cautious below this level.
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