DRREDDY POSSIBLE MOVE ANALYSIS

Mar 4, 2023

DRREDDY @ 4437.95 - LONG & SHORT TGTs and SL are in the Chart. FOR BOTH BREAKOUT or BREAK DOWN, STRONG CLOSING CANDLE IS MUST.
Am bullish here. This idea is for Educational purpose.

May 12, 2023

Trade closed: target reached

After Breakout @ 4521on 28march2023.
The Buyers took charge and TGT1 4751 achieved on 10April2023.
Then the TGT1 acted as a pivot/support(See24/25 april2023) to achieve TGT2 4942 on 02May2023. Hence TGT1 & TGT2 done and trade is closed.

One point to note here is it is always good to book profits(full / partial) at every targets. In this trade, After struggling at TGT2 range, we saw a nice drop in price.