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T_Harth
May 24, 2020 8:05 PM

AWAP Study for Dr. Reddy's Labs Long

DR REDDYS LABSNSE

Description

[22nd May, 2020, Friday EOD Analysis]

Self-explanatory & Annotated chart

Discl: No vested interest
STUDY only for Academic Purpose

Comment

[29th May, 2020, Friday EOD Analysis}

The Stock had been Consolidating since I posted this Idea:

- Today, it finally Broke Out of a Bull Flag pattern
- Also Hit a Key Target Level of 4075 and a Resistance at the same time
- Hence, suggested to close this Trade for anyone who is still carrying Longs
- Or Keep Trailing with a Tight Stop

Trade closed: target reached

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