bullsndbears

Dr. Reddy

Short
bullsndbears Updated   
NSE:DRREDDY   DR REDDYS LABS
Trend can't be confirmed since we have one lower top and we will wait for another lower top to be confirmed. But due to formation of Bearish Engulfing at lower top we would wait for next candle to be red and lower than previous candle and we can go short on the trade.
Trade entries are described in charts
Comment: Target 1 and Target 2 are calculate wrong.
Please find the correct ones
Target 1 = 2142.22
Target 2 = 2076.23

Apologies for wrong calculation
Leave your comments for constructive feedback
Trade closed: target reached

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