NeeteshJain
Long

Dr REDDY - ALL SET TO FILL GAP (Buy)

NSE:DRREDDY   DR REDDYS LABS
There was a gap down observed on daily chart which is been not filled up for a long time. Now the price action breaks out from a rectangular consolidation and shall reach out to 3280 levels in order to fill up that GAP.

Target: 3280
Stoploss: 3070
Hi Neetesh, How do we know if FII / DII are entering this stock any indicators on charts?
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I don't know such indicator but you may always go onto NSE India to get information regarding DII & FII volumes.
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harshas NeeteshJain
That already I do, but finding their movement matters :)
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Hi.. Its a huge gap and to fill it the price should rise with rise in volumes.
I think, to reach the target of 3280, there will be resistance at 3190 / 3250.

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NeeteshJain chetan.gosar
I believe it is a 4-5% gap that has to filled in order to get further price movement. As the previous buyers and sellers who got stuck in that gap down shall provide movement to the price action. Generally it happens like that. It might take time but it shall cover the Gap.
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