Get started
Dr_Aditya_Jalan

Rounding bottom pattern, ready to take off

Long
DR REDDYS LABS (NSE:DRREDDY)  
Dr_Aditya_Jalan  
NSE:DRREDDY   DR REDDYS LABS
Trend Analysis Chart Patterns Technical Indicators
1
0
trendanalysis chartpattern indicator
It broke out after forming a Rounding bottom pattern, retested the support levels with a huge massive volume bar. R:R to be managed cautiously.
It is showing relative strength wrt the benchmark index, and the spread with NIFTY is also giving a breakout.
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.