Dr Reddy- Hanging Man - Top Reversal Candlestick Pattern @ 5200
Hanging Man - Top Reversal Candlestick Pattern
Confirmation is must ( Wait for close below 5200) in next week ( No Selling- If stock fails to close below 5200)
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Trading Strategy - Sell only below 5200
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Targets Downside
4700
4350
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Last Idea Published - DRREDDY - Head & Shoulder - Top Reversal Pattern but In this case appeared post a downtrend which has lesser success rate as compared to H&S pattern found at the uptrend
Confirmation is must ( Wait for close below 5200) in next week ( No Selling- If stock fails to close below 5200)
------------------------------------------------
Trading Strategy - Sell only below 5200
------------------------------------------------
Targets Downside
4700
4350
----------------------------------------------------------------------------------------------------------------------
Last Idea Published - DRREDDY - Head & Shoulder - Top Reversal Pattern but In this case appeared post a downtrend which has lesser success rate as compared to H&S pattern found at the uptrend
Trade active
11:56 Hrs / 10th Jan2021Last Price- 5338
Failed to get weekly close below 5200 & stock has pushed higher above 5200
Our key support at present - 5225
Break of 5225 & 5200 later - Traders have to be careful
Trade closed manually
Time for new update
Best Regards,
Abhishek H. Singh
Growth Director - TradingView India
YouTube Channel youtube.com/channel/UCYcnYveYBNLD-Qp54hvZogw
Twitter Handle
twitter.com/TalksWave
Telegram Handle
(Deleted)
Abhishek H. Singh
Growth Director - TradingView India
YouTube Channel youtube.com/channel/UCYcnYveYBNLD-Qp54hvZogw
Twitter Handle
twitter.com/TalksWave
Telegram Handle
(Deleted)
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.
Best Regards,
Abhishek H. Singh
Growth Director - TradingView India
YouTube Channel youtube.com/channel/UCYcnYveYBNLD-Qp54hvZogw
Twitter Handle
twitter.com/TalksWave
Telegram Handle
(Deleted)
Abhishek H. Singh
Growth Director - TradingView India
YouTube Channel youtube.com/channel/UCYcnYveYBNLD-Qp54hvZogw
Twitter Handle
twitter.com/TalksWave
Telegram Handle
(Deleted)
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.