Bull-markets are born on pessimism, grow on skepticism, mature on optimism and die on euphoria.
The stock had entered into the zone from which it had rebounded in the past.
If you search the news on 15th Feb 2019...the entire world was pessimistic about the Dr Reddys's.
The FDA was raising issue on the one of the most important manufacturing plants...
Good Day ladies and gentlemen,
Nifty sold as expected in yesterdays forecast and ended up at the level of 10785 which was the support level i had mentioned.
I believe the Mkt should most likely stall at this level and start to retrace back.
I would not be seling today unless it breaks below the prev lows.
If you guys like the outlook then put a...
CMP : 231
BB : Expanding
On Weekly chart it is showing clear breakout signals..
Should be on watchlist...
Target 1: 250
Target 2 : 275
Target 3 : 290+
Note: Do your own study before making any positions...
Please Like, Follow and comment below your views....