DR Reddy: A bet for long and short term
Stock has given a long-term TL BO on weekly TF with Volumes
Making Double bottom pattern & Inverted H&S Pattern in short term (2-3 Months)
and round bottom in long term (12-15 Months)
For long term investor:
The SL should be 2150 with Target of 4000 (Round Bottom Target)
however, for short term investor it may move up-to 2800 keeping SL below weekly Green Candle low.
DISC: Only for educational purposes. Please consult your financial advisor before taking any trade.
Making Double bottom pattern & Inverted H&S Pattern in short term (2-3 Months)
and round bottom in long term (12-15 Months)
For long term investor:
The SL should be 2150 with Target of 4000 (Round Bottom Target)
however, for short term investor it may move up-to 2800 keeping SL below weekly Green Candle low.
DISC: Only for educational purposes. Please consult your financial advisor before taking any trade.
Trade active:
Below 2500 is good retracement buy. I have added at 2495
Trade closed: stop reached
