DRREDDY Weekly :
- Price above all EMA/s - Strength
- Long time Trendline break out expectation
- Nearby good support area
- Near by resistance was being weaken
- Nice on fundamentals and Lynch Score
Daily :
- Price above all EMA/s
- Fast EMA shows strength
- All EMA near by suggest nice price contractions and volatility exhausted
- Absorption area is easily identified by high volume
Daily chart as below
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Trading without knowledge depth, experience and proper risk management may be harmful. I am not a registered analyst, here I am only sharing my view to trading communities, this is not any recommendation.
Do consult your financial advisor prior any trade.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.