DRREDDY: Analysis

Umang_Sharma Updated   
DRREDDY is forming a triangular pattern in daily time frame keep aa eye on this stock as this stock can give breakout in the near future. BB is showing a shrinking in volume which denotes consolidation that will lead to breakout soon.
Apart from that in the hourly time frame, it is about to hit its support levels that, if it takes support on these levels it will be a good level to buy this stock for a long-term view.
Wait for a trend line break in the hourly time frame and let it consolidate once a buying momentum happens then enter.
Calculate your RR Ratio and then trade. SL must be accourding to your RR ratio.
Trade closed: stop reached:
Stop-Loss hit accepted this loss.
Trade active:
Planning on entering into these levels expecting a reversal. Calculate your RR ratio and then trade.
Trade active:
Good Profit in progress

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