shikhagupta2589

Dr reddy can take a further upmove uptill 3750

Long
NSE:DRREDDY   DR REDDYS LABS
Monthly, weekly and daily charts present a clear bullish trend while forming the Inverse Head and shoulder pattern. Lately the stock showed a good upmove with a long candle breaching the monthly resistance and reaching 4300 level.
Entry can be made for a Long position at current price: 4300-4320, with target of 4750, and SL of 3900.
Comment: Hi Traders, sorry I accidentally types 3750 instead of 4750. Upmove till 4750

Comments

So far, highest gainer of the day in Nifty 50. Great going.
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