srikartiram

DRREDDY | Low risk simple supply and demand play - Potential 20%

Long
NSE:DRREDDY   DR REDDYS LABS
DRREDDY | Low risk simple supply and demand play - W Pattern - 20% opportunity

CMP : 4510
SL : 4240
Target : 5450

Almost 1:4 risk reward setup

Attached weekly chart in comment section, it is taking excellent support near the previous swing high.
Trade closed: stop reached