Dr Reddy in a channel.
Stock is facing selling pressure on the upper channel. Losing momentum as well.
If stock breakout crossing the upper channel, then we have a fault line above where it can face resistance and move inside the channel again.
To trade the actual channel,
Sell below the green line
SL will be the upper channel
Target will be the lower channel in phases.
Stay Safe & Trade Safely
If stock breakout crossing the upper channel, then we have a fault line above where it can face resistance and move inside the channel again.
To trade the actual channel,
Sell below the green line
SL will be the upper channel
Target will be the lower channel in phases.
Stay Safe & Trade Safely
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