Ankita_yadav
Long

DR REDDYS LABS, LONG, TARGET-2800, SL-2350

NSE:DRREDDY   DR REDDYS LABS
Share has already started movements in upward direction(shown by blue curve). Share has formed MARUBOZU (shown in green box) with very good volume (shown in black box ) which indicates upcoming strong uptrend. EMA 20 days is also moving in upward direction towards EMA 50 days which also indicates the starting of uptrend. All these things indicate that share is bullish now.
Trade active
Trade closed: stop reached
Madam Good Morning , Marubozu is ideally indicate Complete bullish momentum , other called it as shaven head and bottom , it has slight tail on up so its bullish indication , Further bullish Momentum is Exactly what you said is correct and it will happen , Try to look for small pull back if you have not entered if Gap up on open its better Look for follow through then trade is Good in my understandings
Regards
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@shiv2798, thanks for adding your commen and yes.. I am completely agree with you...I consider it as marabou bcoz size of tail is small or almost negligible when compared with real body....
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