Raj10
Long

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

NSE:DRREDDY   DR REDDYS LABS
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5
INVERTED HEAD AND SHOULDER PATTERN ...POSSIBLE RETEST TO PREVIOUS RESISTANCE ZONE ...PRICE ACTION BOUNCING OFF FROM 2 YEAR LOW ... FURTHER ANALYSIS INDICATES A BRAKE IN LONG TERM DOWNTREND LINE FAVORING THE ABOVE SHORT TERM IDEA ,
Comment: 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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