NSE:DRREDDY DR REDDYS LABS
Comment: At the cusp of the triangle breakout OR breakdown. Significant action coming up on either side.
Trade active: Bears make the move..by breaking the monthly trendline. Aggressively staying below 3003, expect sharp downsides. Conservatively holding below 3150, sell on rises mode continues.
Trade active: Bears are now following up with a strong sell off. Sustaining below 2800 is disastrous for bulls with a potential to slide to 2200 to 2000 levels ( worst case scenario )
Trade active: The crackdown in Dr Reddy continues with another 4% cut. Trade continues from 3100 to 2600 and ongoing....