bhagat109

Trading the results coupled with technical analysis

Long
NSE:DRREDDY   DR REDDYS LABS
Ever since the breakout in DrReddy , the stock has been consolidating for quite a long time now.
It has been trading in a range since 18 Sep. Consolidation is is confirmed by the lower volumes after the breakout.
Q2 results are above expectations. I am hoping a breakout tomorrow.
Also, I've been waiting for the stock to come close to the trendline. This is the perfect time to enter.
Trade closed: stop reached: breached the trendline.

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