hitesh_2202
Short

Negative Divergence - My Favourite trading strategy

NSE:DRREDDY   DR REDDYS LABS
Stock is having a negative divergence - short below the green trend line for target of 1% return for couple of days and upto 3% for the week
Comment: The red trend line indicates the divergence. The green trend line indicates the entry point. Remember you can sell futures or sell options - Do not go for option buying due to premium decay
Comment: The stock has also got a hanging man pattern on the daily time frame - this is just for an update which indicates that the bears may step in

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