DRREDDY, Long for 20% gain
Updated
corrective wave is over, bouncinf off 0.618 fib level
first target is All time high, followed by 6000+ (next targets are marked on chart)
SL: close below recent low
first target is All time high, followed by 6000+ (next targets are marked on chart)
SL: close below recent low
Trade active
Note
It made a bearish engulfing on 11/25. So now, a close above 5009 only would open upside. Stock may be sideways till this supply is exhausted.1. Exit at cost and wait for a bullish close above 5009
OR
2. Keep is trade with stoploss of 4650
Note
10% profits so far. trade going as planned.
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