PankajNegi

Dr Reddys Labs

Short
NSE:DRREDDY   DR REDDYS LABS
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.
Comment: Closed at low of the day :D
We should see a downside now.
Comment: Breakdown, As expected :D
Comment: What a breakdown in Dr Reddys... Already 35 points down from its breakpoint.
Close to our target.
Comment: Target Met :D
From 2979 to 2925 in no time !