srikartiram

DRREDDY | Small breakout opportunity

Long
NSE:DRREDDY   DR REDDYS LABS
DRREDDY | Small breakout opportunity

CMP : 5170
SL : 5070
Target : 5450

1:3+ risk reward setup

Comments

Can you please let me know what are the main reason for this stock to breakout?
+1 Reply
@sckjaveed, Technicals are saying so. Price has squeezed into a symmetrical triangle pattern and usually the price will breakout on either side, in this case, towards the upside.
+1 Reply
sckjaveed inteliigentrader
@inteliigentrader, Nice Explanation TXS
+1 Reply
sl done ...but holding
Reply
srikartiram Amitesh55667788
@Amitesh55667788, It’s not sl hit.
Reply
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