AbhishekHSinghCMT

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

Short
AbhishekHSinghCMT Updated   
NSE:DRREDDY   DR REDDYS LABS
15
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.
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.
Trade active: 18:37 Hrs 17th Jan2017

Last price@2975

Shall be happy if goes below 2940 to start selling again.
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.
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!
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 - TradingView India

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