NSE:DRREDDY
Observations:
1) On 1 day time frame,we can see that it has been having continious down fall and now it is near to immediate last major support of 4200 level.
Range of 4200-4275 is working as support in previous days. It has now chance to bounce from it. But if it failed and gave breakdown of 4200 level range then we can see some more down fall...
Hello guys i had find this trade in 15m timeframe which is on good trendline support and also broken the pennant pattern we have a good buying opportunity with very small sl and big tg and good RR ratio also plzz do your own analysis before taking any trading decision. if you like my analysis plzz like share and follow thank you god bless you all
![DRREDDY: Simple Trade Setup | DRREDDY | 31-01-2022 [INTRADAY]](https://s3.tradingview.com/d/d5BxXasK_mid.png "Simple Trade Setup | DRREDDY | 31-01-2022 [INTRADAY]")
