NSE:DRREDDY   DR REDDYS LABS
On the daily chart stock price has formed "ASCENDING TRIANGLE" pattern and has given breakout on closing basis
* This breakout is accompanied with increase in volume which supports bullish sentiments ahead
* The daily and weekly strength indicator RSI and the momentum indicator Stochastic both are in positive territory which supports upside momentum to continue in near term.
* Stock price has given positive crossover from its 20,50 and 100 day SMA which indicates positive bias.
* The above analysis indicate an upside of 2813 - 2867 invalid close below 2621. #Findyourtrade
Jul 30
Trade closed: stop reached
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