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Dr Reddy: A case of Previous resistance now providing support

NSE:DRREDDY   DR REDDYS LABS
DR             reddy
Cmp 2343

The stock had seen 2260-2265 acting as resistance a few days back. It gave a breakout and zoomed towards 2526 in a matter of 2 days.

Thereafter the stock has seen retracement and had been falling. Today the stock has reversed back from exactly from its previous resistance zone confirming previous resistance now acting as support

Target 2450 and higher

Take care & safe trading....
you still keep your opinion or we should think that stock has lost momentum.
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