DR. REDDY S LABORATORIES
Long
Updated

DR .REDDY'S HYPOTHESIS ..INVERTED H & S BREAK ..

INVERTED HEAD AND SHOULDER PATTERN ...POSSIBLE RETEST TO PREVIOUS RESISTANCE ZONE ...PRICE ACTION BOUNCING OFF FROM 2 YEAR LOW snapshot... FURTHER ANALYSIS INDICATES A BRAKE IN LONG TERM DOWNTREND LINE FAVORING THE ABOVE SHORT TERM IDEA ,
Note
price action resuming uptrend after consolidation ...strong buy
Trade active
almost near 1st target ...make sure to book profits and update stoploss
Trade closed: target reached
1st target reached
Trade active
price action retesting the resistance band .will resume uptrend soon

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