DR REDDYS LABS FUTURES

Short

Updated

#DRREDDY bullish triangle to bearish rectangle

DRREDDY's triangle setup shown earlier triggered its stop levels and now has shaped up to be a rectangle that has broken on the downside. Expect a downmove towards 4770 which is the normal target out of a rectangle. support and caution can be expected at 4845 which is the gap support

Trade closed: target reached

Target met again, closing trade

Michael @ SolomonsView

Twitter - @SolomonsView

Also on:

Michael @ SolomonsView

Twitter - @SolomonsView

Also on:

Related publications

#DRREDDY Triangle almost ending - Sharp rally should follow

by SolomonsView

Disclaimer

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.