Dr Reddy- Hanging Man - Top Reversal Candlestick Pattern @ 5200
Updated
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)
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