Dr Reddy's - Monthly chart
After seeing a strong breakout with lifetime high volumes in September, the stock was consolidating a bit for 3 months followed by a retracement in January.
In Feb it took monthly support at 4380 and bounced back strongly.
I personally expect this stock to outperform its peers in the upcoming months.
High of Good volume candle is 5512.
So my gut feeling is, it will take a month or two to reach those levels & then fly high on a monthly close above 5500.
Positional view target : 10000+
In Feb it took monthly support at 4380 and bounced back strongly.
I personally expect this stock to outperform its peers in the upcoming months.
High of Good volume candle is 5512.
So my gut feeling is, it will take a month or two to reach those levels & then fly high on a monthly close above 5500.
Positional view target : 10000+
Trade active
5500 reached. Waiting for fresh buy above 5500
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