Deepak_dc93

DRREDDY can give 23% returns 1:6 Risk to Reward ratio

Long
NSE:DRREDDY   DR REDDYS LABS
I will go LONG on DRREDDY because:
The price is under Support/Resistance zone.
It has touched the support and may reach the resistance zone .
Target would be the Resistance area .
Book profit when it reaches the resistance zone .

Entry - 4426
Target - 5450
Stop loss - 4263
Trade closed: target reached

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.