DRREDDYS openned with Gap up and broken line(b). Selling above line(a) is not bad idea.
CMP 3386 with high
--> 3386 + 182 = 3568 R
Suppose to create tail, then resistance 3455.
Steps to sell=:
This stock is forming flag and pole and moving up. It is near its control line of the parallel channel. If manages to hold 3126 low, it can move 100 points from CMP or else will move down the lower value of parallel channel. Trade as per the market moves next week. Remember key level is 3126 for long and below that short.
DAILY CHART - SPINNING TOP CANDLE, WITH DECREASING VOLUME FROM PAST 4 DAYS.HUGE FALL IN NIFTY BUT IT DIDNOT FALL, MAY BOUNCE BACK UPPER SIDE.
long above 3135, SL 3115
short below 3112, SL 3135
Key Levels for DRREDDY are : t.me - JOIN TELEGRAM CHANNEL
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