Dr Reddys Labs

Jan 16, 2017

Dr Reddys Labs has formed a 'Descending triangle' and is hovering around support (2979.75). Can short it once breaks the support.

Also, can see 'Head and Shoulders'. If it breaks from here, then 2925 looks feasible in few sessions.

Jan 17, 2017

Note

Closed at low of the day :D
We should see a downside now.

Jan 18, 2017

Note

Breakdown, As expected :D

Jan 18, 2017

Note

What a breakdown in Dr Reddys... Already 35 points down from its breakpoint.
Close to our target.

Jan 20, 2017

Note

Target Met :D
From 2979 to 2925 in no time !