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the_consolidation_guy

DRREDDYS Possible breakout

Long
DR REDDYS LABS (NSE:DRREDDY)  
the_consolidation_guy Updated   
NSE:DRREDDY   DR REDDYS LABS
Trend Analysis Chart Patterns DRREDDY
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trendanalysis chartpattern drreddy
Notes

  • Been in a channel since August last year.
  • The top level has been tested 4 times before the latest candle (11th June)
  • Currently in the resistance zone since it closed above 5420 with decent volumes and candle strength.
  • Hoping it will continue this momentum and close above 5505 to make fresh highs.

Please note - Not a SEBI Registered Advisor/Analyst. Only for Educational Purposes. Please Consult your financial advisor before you take any action.
Trade active:
Well within the Accumulation zone...
Trade active:
Looks like its out of the zone.
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