DRREDDY, Long for 20% gain

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

Trade active

Comment:

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

Comment:

10% profits so far. trade going as planned.