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akshay1808

DRREDDY Falling

Short
DR REDDYS LABS (NSE:DRREDDY)  
akshay1808 Updated   
NSE:DRREDDY   DR REDDYS LABS
Oscillators Support and Resistance Divergence stochastic-bearish-divergence DRREDDY
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0
oscillator supportandresistance divergence stochastic-bearish-divergence drreddy
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 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).
Trade active:
Shorted DRREDDY at 2060
Comment:
DRREDDY reversed its gear....reaching near stoploss of 2100.
Trade closed: stop reached:
Stop loss triggered. Loss of 2%! :(
Comment:
After Stop loss triggered...more bearish divergence are getting formed.

snapshot
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