TradingView
kalyanganguly
Oct 4, 2021 2:45 PM

DRREDDY - Inverse Head & Shoulders Long

DR REDDYS LABSNSE

Description

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
More