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Dr Reddys Bullish Divergence

Long
NSE:DRREDDY   DR REDDYS LABS
Dr Reddy's is showing a Bullish Divergence on Daily Time Frame.

Breakout levels are marked in Yellow for Long and Short.

The Stock may go up by 7% from the current levels.

Recently Dr Reddy's has also had a definitive Agreement with Citius Pharma for the sale of its entire right of investigational anti-cancer agent and some related assets.

Under the terms of the agreement, Dr Reddy's will receive US$40 Million Upfront upon closing of the transaction.

Breakout level 5000 if sustained for more than 1 hr will take the stock up till Target 1 - 5147 Target 2 - 5300 or may also test all time High or above.