In a very similar to Nifty (I shared an idea on it just 4 hours back), there's an observation of Stochastic Triple Divergence in NSE:DRREDDY indicating a bear trend. A short position is recommended with a target of 2004(t1) & 1904(t2). A stoploss of 2100 is highly recommended. Selling range should be (2040-2070).
Shorted DRREDDY at 2060
DRREDDY reversed its gear....reaching near stoploss of 2100.
Trade closed: stop reached:
Stop loss triggered. Loss of 2%! :(
After Stop loss triggered...more bearish divergence are getting formed.