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.
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