DR. REDDY S LABORATORIES
Long
Updated

Dr Reddy's |EMA| Channel Breakout |

476
The price closed above EMA 200 and given a parallel channel breakout in daily time frame.

Thanks
-AJ

Note
snapshot
Note
snapshot
Note
price consolidating within inside candle high & low.

snapshot
Trade closed: target reached
price reached the resistance level.

Re-Entry level will be above Rs 5000.
Trade active
Trade re-active:

Positive set up, price breakout and retested the level.
Stop Loss below ema 200 ; T1 & T2

snapshot
Note
target 1 achieved !!
Trade closed: target reached
snapshot

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.