DRREDDY - PRICE REENTERING RISING WEDGE CHANNEL
Hi All,
This idea is about Dr Reddys Lab
Fundamentals
Mkt Cap - 106810 Cr
Stock PE - 19.2
ROE - 21%
ROCE - 27%
Mkt Cap/Sales - 3.8
OPM - 28%
Technicals
Price was pushed back to follow the rising wedge pattern & if it sustains above the marked (white line) resistance, can further show an upside of 8-10% to reach the upper channel of rising wedge
Happy Trading,
Thanks,
Stock-n-Shine
This idea is about Dr Reddys Lab
Fundamentals
Mkt Cap - 106810 Cr
Stock PE - 19.2
ROE - 21%
ROCE - 27%
Mkt Cap/Sales - 3.8
OPM - 28%
Technicals
Price was pushed back to follow the rising wedge pattern & if it sustains above the marked (white line) resistance, can further show an upside of 8-10% to reach the upper channel of rising wedge
Happy Trading,
Thanks,
Stock-n-Shine
Trade active
Fantastic move of 200 pts since recommendedTrade active
And 2% moreTrade closed: target reached
Perfect price action
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.
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.