DRREDDY - a mid to long term viewNSE:DRREDDY
Weekly :
Price above all EMA/s - Strength
Long time Trendline break out expectation
Nearby good support area
Near by resistance was being weaken
Nice on fundamentals and Lynch Score
Daily :
Price above all EMA/s
Fast EMA shows strength
All EMA near by suggest nice price contractions and volatility exhausted
Absorption area is easily identified by high volume
Daily chart as below
Warning:
Trading without knowledge depth, experience and proper risk management may be harmful. I am not a registered analyst, here I am only sharing my view to trading communities, this is not any recommendation.
Do consult your financial advisor prior any trade.
Long