praveen.bhatiya

Reasonable Risk to Reward Trade

Long
NSE:DRREDDY   DR REDDYS LABS
It seems that buyers are emerging at current level as Engulfing made on 22.05 is providing a good support. So one can buy the stock at current level or on slight dip tomorrow for a target of 2100 - 2140 by providing SL of 1935 on closing basis. It would offer a good RR ratio of 3.
Disclaimer : All ideas and comments are my personnel view. Please take financial consultancy for trading decision.
Trade active
Trade closed: target reached: booking part profit at first target of 2100 :)
Trade closed: target reached: Closed complete position at Target price :)

Comments

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