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"Dr Reddy " Bullish View Bull-markets are born on pessimism, grow on skepticism, mature on optimism and die on euphoria. Haribol ! 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 of the company. The stock fell 30% and Recovered 26% ....All on the same day ?... who would be buying ..The entire world was wondering. The Price came near the same zone twice and bounced back almost immediately. Now it has broken a strong downward shaping trend line confirming what was obvious. I am forecasting that the price should reach near 2875 in the next few weeks. With the innovative business model and low cost drug market expanding worlwide..Dr Reddys is set for the moon. Good Luck Happy Investing
NSE:DRREDDYLong
by VahniTrading
"NIFTY OUTLOOK" Sideways Chop / Slightly BullishHaribol !. 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 like and follow me either here or at my twitter handle @tradingvahni. Thank You ,Wish you a profitable day ahead.
NSE:NIFTY
by VahniTrading