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WaveTalks
Feb 4, 2021 4:36 AM

DrReddy -Taking Rest Triangular Pill  

DR REDDYS LABSNSE

Description

Hope you enjoyed 4470 to 4700+ move as per last idea published


DrReddy taking rest with Triangular Pill


Plan A
Buy Close to 4600 in 4615-4630 zone (Avoid Buying if falls below 4600) -Expect Target - 4760 / Above 4760 for 4875-4900

Plan B
Sell from the tops if halts or stops in 4875-4900 zone (Avoid Selling if crosses above 4900) -Expect Target Downside 4625 & below 4600 for 4300-4350

Trade active

10:45 Hrs / 4th Feb2021

Last price- 4697

Have patience & trade as suggested in Plan-A & Plan -B.
Plan A - Buy as close to 4600 in 4615-4630 zone

Trade active

13:32 Hrs / 4th Feb2021

Last @ 4666

Came close but missed by 10 points - recent low @ 4640 . Crossing above 4705 -It will indicate that bottom was in place at 4640
Our suggested buying zone 4615-4630

Trade active

10:26 Hrs / 5th Feb2021

Last @ 4647

Dipped in the Buying Zone 4615-4630 as suggested in Plan A in main idea - Manage your risk now & no buying if falls below 4600 - all suggested in the trading strategy on 4th Feb2021



R:R is going to be amazing as I look for 4850-4900 - --- Final Target Zone with 1st halt at 4760

Trade active

11:01 Hrs / 5th Feb2021

Running close to the 1st Target - 4761 suggested as Plan- A

Trade active

12:04 Hrs / 5th Feb2021

Last @ 4775

Target 1 @ 4761 reached

Trade closed manually

Plan A Done in full at 4900
Comments
eternallearner
Exceptional analysis।
punterpk
On a lighter note, "triangular" is half Viagra pill (diamond shaped). :)) Great calls
WaveTalks
@punterpk, 😜
Akshay77
Thank you. Great work sir.
pradeep-ghosh
I Sir, since I am new to stock trading, which type of trading instrument is suitable for plan & Plan B legs of your strategy ? Apologies if it sounds stupid.
WaveTalks
@pradeep-ghosh, These are trading calls from swing to swing & for short duration- advantage can be taken only through FnO -Futures or Options.
pradeep-ghosh
Thanks
Shivam93
The pill can provide immunity , like a booster for triangular thrust.
WaveTalks
@Shivam93, 👍
srikarthicvs
Fantastic..! Would now be a good time to enter the Plan B leg of the trade..?

Apologies - Got the response for my query on the other threads..! My bad!
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