AbhishekHSinghCMT
Short

Dr Reddy- Head & Shoulder -Target 2150-Activates Below 2960

NSE:DRREDDY   DR REDDYS LABS
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15
714 21
The distance between head & neckline is copied or cloned below the neckline -giving target 2150. Likely take the trade only if it breaks 2960 & sustains below that level.
Jan 11
Trade active: 09:25 Hrs 12th Jan2017

Last Price@2998

It just broke 2960 made a low@2940's & bounced back to 2300 -it was gap down opening so keep an eye on this stock.
Jan 17
Trade active: 18:37 Hrs 17th Jan2017

Last price@2975

Shall be happy if goes below 2940 to start selling again.
Jan 19
Trade active: 14:50 Hrs 19th Jan2017

Last Price@2941

We will hold the sell call & wait for some more time before taking sell side position.
Feb 15
Trade closed manually: 11:02 Hrs 16th feb2017

Last Price@2876

We stopped sell at 2940's -hardly went to 2900 & sharp rise to 3100's - my god look the fall below 2800 in last few sessions!
Apr 08
Trade active: 11:40 Hrs 8th April2017

Last price@2661

Looks like Dr. Reddy has a long distance to travel downside once it starts moving next below 2500.
Best Regards,
Abhishek H. Singh, CMT
​Growth Director - India
http://in.tradingview.com
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India Markets-BSE, NSE chat room- https://in.tradingview.com/chat/#b4sFOMIVqPkq8gfQ
Sir,the target line got another support..
Reply
@deepanshujain, Hi Deep, I need to check - I will get back to you.
Reply
deepanshujain deepanshujain
FDA ne kya karna tha pehle hee bta diaa
Reply
@deepanshujain, Surely Interesting Topic for Another Video update. Will try & do an update soon. Thanks
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deepanshujain AbhishekHSinghCMT
@AbhishekHSinghCMT, yes sir video updates r very helpful. Got an easy hand on platform after u did a training video months back.
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Wow ! Drreddy went down.
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@nirav5, Great. Enjoy the weekend.
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Hi Abhishek,

Dr Reddy trading between 2930-40 , should we short here?
Reply
@Vinodrathi, I guess we will wait more time to see its reaction
Reply
Vinodrathi AbhishekHSinghCMT
@AbhishekHSinghCMT, Ok Thanks..
Reply
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