kalyanganguly

DRREDDY - Inverse Head & Shoulders

Long
NSE:DRREDDY   DR REDDYS LABS
Note: This is for educational purpose only. Please do not trade in F&O based on this analysis.

There seems to be formation of Inverse Head & Shoulders . If the neck line is broken, we can initiate a buy in cash. RSI above 65 indicates bullish momentum. Moreover, the stock has more relative strength as compared to Nifty 50.

SL: ₹4825