kalyanganguly

DRREDDY - Hammer at 21 EMA

Long
NSE:DRREDDY   DR REDDYS LABS
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.

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