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hitesh_2202

Negative Divergence - My Favourite trading strategy

Short
DR REDDYS LABS (NSE:DRREDDY)  
hitesh_2202 Updated   
NSE:DRREDDY   DR REDDYS LABS
Trend Analysis Divergence DRREDDY
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trendanalysis divergence drreddy
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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