Get started
kalyanganguly

DRREDDY - Hammer at 21 EMA

Long
DR REDDYS LABS (NSE:DRREDDY)  
kalyanganguly  
NSE:DRREDDY   DR REDDYS LABS
Trend Analysis Technical Indicators Chart Patterns DRREDDY drreddyanalysis drreddyinvestment drreddytrend drreddytrades
0
0
trendanalysis indicator chartpattern drreddy drreddyanalysis drreddyinvestment drreddytrend drreddytrades
Note: This is for educational purpose only.

There seems to be a hammer at 21 EMA which acts as dynamic support. The 21 EMA has acted as a dynamic support before as well. RSI above 60 indicates which indicates bullish momentum. This is on hourly chart. Moreover, 21 EMA is above 55 EMA which indicates short term up trend.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.