Drreddy - Super bullish, 200 points, 2 days.

DR REDDYS LABSNSE

Description

⋅ Sep 15, 2020 5:42 AM

Price as discussed earlier ( see related ideas link) took pattern support and breaks the pattern. In a 2 days time price almost moved 200 points which is a super bullish movement for the script.

All one has to do is buy a stock at support after drawing a perfect pattern.

Comment

⋅ Sep 16, 2020 4:38 PM

300 points move from the pattern support

Trade closed: target reached

⋅ Sep 18, 2020 11:44 AM

That was massive 1000 points movement. . . what else you want !!!! Just book and get out of the market.

Comments

Tradersasi23

⋅ Sep 17, 2020 4:39 AM

Nearing all time high - If breaks then another big moment possible.

samabishek0611

⋅ Sep 15, 2020 5:22 PM

Bro.. wasn’t it a retrace back towards the trendline ? Its still bullish right?

Tradersasi23

⋅ Sep 15, 2020 5:55 PM

@samabishek0611, Yes it is. Because of the big move wait for the price to settle. Then the up move will continue.

samabishek0611

⋅ Sep 15, 2020 5:57 PM

Thanks bro..

samabishek0611

⋅ Sep 16, 2020 4:41 PM

Exited early seeing the wicks going below the trendline in the first 2-3 15 min candles.. missed a huge move today..

Tradersasi23

⋅ Sep 16, 2020 5:19 PM

@samabishek0611, Always there is another opportunity. Lets catch up the next.

samabishek0611

⋅ Sep 16, 2020 5:26 PM

Sure bro

xwarriorx007

⋅ Sep 15, 2020 1:29 PM

Hey sasi! Why couldn't dr reddy sustain today?

Tradersasi23

⋅ Sep 15, 2020 3:21 PM

@xwarriorx007, Sprint (running fast) will always make you exhaust quickly.

175 points movement in a day is an unusual thing and always you cannot enter long on this stocks positional.

Scalping would be the best choice for this kind of movement.

xwarriorx007

⋅ Sep 15, 2020 3:52 PM

@Tradersasi23, Thank you so much! That makes sense