DRREDDY showing weakness after taking out short side stoploss so looking to short around 4518. Looking forward expecting price moving down towards 4444 and 4380 with trade invalidation on close above 4565. Bear put spread is my preferred way to enter short as the overnight risk is defined.
Comment:
Almost first target of 4444 achieved made a low of 4444.05 so far.
Trade closed: target reached:
Second target of 4380 also achieved made a low of 4355 so far.