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Dr Reddy - c wave in completion

NSE:DRREDDY   DR REDDYS LABS
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It looks like the final correction wave of Dr Reddy is in completion. A break in the resistance sloping trend line may confirm bottoming out and advance to higher zones in the next months. I will take a small position now and with a small stop below the low of monthly chart and add on break of the resistance trend line .

Comments

Hi ,
Dont follow elliot much ,
Small Doubt : Can you tell with regards to time the wave 1-2-3-4-5 which you have marked are they ok ?
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@neneram, I am just a beginner and was seriously looking for some critique of my analysis. Thank you. You have given me food for thought. I will come back to you soon.
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