akshay1808

DRREDDY Falling

Short
NSE:DRREDDY   DR REDDYS LABS
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).
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.


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