Dr Reddy has broken out of a flat base. Some supply overhang is noted and also below 50 and shorter moving averages but above 200 MA. Today was earnings. No FOMO. Will wait for a couple of days for price to settle down.
Note
It has sustained above the breakout area. Will stop the tracking here. Some other pharma stocks have broken out too ... So limiting exposure to Pharma stocks.Trade closed: target reached
Closing the idea as mentioned on Jul 31
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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.