DrReddy- Selling from Tops @ 4900 (Target-4625)

Feb 10, 2021

Plan B - Selling close from 4900 as per last idea

Last Idea- Taking Rest (Triangular Pill)

Feb 10, 2021

Trade active

10:42 Hrs / 10th Feb2021

Last @ 4800

Book Partial in selling from 4900 & Next Selling only below 4775

Bullish Bat @ 4775 (Once Pattern fails then selling will continue later for 4625)

Feb 10, 2021

Trade active

Feb 10, 2021

Trade active

14:27 Hrs / 10th Feb2021

Last Price @ 4782

DrReddy- Unfortunately - cannot help for false breakouts / breakdowns, which will keep happening till 20th Feb2021 when Mercury goes direct & till it stays in retrograde period -it will confuse traders - turning abruptly in any direction so, as a trader you have to execute patience in trading the important levels & don’t hurry up.
Breaking below 4775 (New low- 4761) & bouncing back looks like a false breakdown
So, wait for stock to cross above 4795 / 4800 for higher moves from safe traders point of view / risky traders have to think of buy above 4775. Thanks

Feb 10, 2021

Trade active

15:18 Hrs / 10th Feb2021

Last @ 4830

Bounce from False Break Down

Feb 10, 2021

Trade active

19:56 Hrs / 10th Feb2021

Last @ 4824

If it can manage to cross above 4890/4900 then 5000+ would be next target upside

Feb 11, 2021

Trade closed manually

Idea Follow Up Closed. Thanks

Hope you enjoyed the moves - catching all tops & bottoms as discussed in DrReddy previous connecting ideas

4380-4400 - Bottoms

4625 - Bottoms

4900 - Tops

4761 - Short Term Bottom

4860 - Current Day High