DR. REDDY S LABORATORIESUpdated symmetrical triangle pattern in DRREDDY....
Above 5260--5510-- and more
below 5056--5000--4810
i will prefer bullish trade as structure is bullish
sitting above all important moving average in daily timeframe
currently under consolidation phase
below 5056--5000--4810
i will prefer bullish trade as structure is bullish
sitting above all important moving average in daily timeframe
currently under consolidation phase
Note
Downside target achieved but look at tails of both candle clearly indicating demand of stock at support of 4800Trade closed: target reached
5056 to 4810( almost 6%)
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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.