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DRREDDY - PRICE REENTERING RISING WEDGE CHANNEL

Long
DR REDDYS LABS (NSE:DRREDDY)  
Stock-n-Shine  
NSE:DRREDDY   DR REDDYS LABS
Support and Resistance Supply and Demand Wedge Rising Wedge risingwedgebreakout risingtrendchannel risingwedges risingwedgetrading supply_and_demand supplydemandanalytics priceactionanalysis
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supportandresistance supplyanddemand wedgepattern risingwedge risingwedgebreakout risingtrendchannel risingwedges risingwedgetrading supply_and_demand supplydemandanalytics priceactionanalysis
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
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