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A technical analysis on Dr Reddy's Lab

Long
NSE:DRREDDY   DR REDDYS LABS
As you can see I am trying to guess the future of the stock, its just my theory on seeing the previous charts, as you can see it has taken good support from the green zone( support zone ) in cpr , so an entry at that point would be perfect and go long on the stock for 3 month for return of more than 2000 per share, patience is the key. It will form a head and shoulder in 2 months or less and go for a breakout which will give amazing results. Stock market nowadays is sometimes bearish and our analysis could also go wrong so have a stop loss, Have a good day.

Comments

For a H&S pattern, both shoulders should have same height. THis is not a H&S pattern.
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