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DRREDDY

Double Top Pattern* A double top is a strong bearish reversal pattern. It occurs when an uptrend fails to make a higher high and instead, makes an equal (or near equal) high. * The psychology behind the pattern is that the failure to make a higher high could be an early sign that the momentum is leaving the uptrend. The equal high is an indication that the previous high is being tested and confirmed as resistance. All this means that a reversal is likely to happen. * As you can see from the image above, two horizontal lines are drawn off the double top. The top line is the resistance line. The second line marks as support line where you can enter in trade after breakdown. *To get your profit target for this pattern, you measure from the resistance line to the breakout line. Then you take that measurement. Kindly Let me know if you have any Questions. Thank you .
NSE:DRREDDYEducation
by PrasantaP
3
Drreddy | Bullish Parallel Channel & Falling Wedge 🎯-----------------------🙏🙏NAMASKAR 🙏🙏----------------------------- ===================================================== ⭕ Day Trading opportunity ! min Chart Alert !!! ⭕ --Buy above =5126 or CMP --Target = 5594 --Stop-loss = 4926 --Lot Size = 125 --R:R = 2.35 --Expected Profit = 58,000 ₹ per lot ( 9.14% ) --Expected Holding = 10-20 day only #ThankU For Checking Out Our Content , We Hope U Liked IT 📌 ====================================================== ⭕ Technical Reasons to trade or Strategy applied :- ⭕ 1) stock is moving on Bullish parallel channel 2) falling wedge pattern breakout 3) resistance breakout with volume & candlestick pattern 4) multi time frame analysis is bullish Guys check out the related ideas as well, it will work really well GUARANTEED ! 🙏FOLLOW for more ! 👍LIKE if think is useful ! ✍COMMENT Below your view !
NSE:DRREDDYLong
by ReviveTraders
1
DRREDDY |Inverted Head & shoulder Pattern | 🎯⭕ Trading opportunity ! Chart Alert !!! ⭕ --Buy above =5338 or CMP --Target = 5511.25 | 5847 --Stop-loss = 5162 --Lot Size = 125 --R:R = 2.89 --Expected Profit = 9.53% --Expected Holding = 1-2 months only #ThankU For Checking Out Our Content , We Hope U Liked IT 📌 ====================================================== ⭕ Technical Reasons to trade or Strategy applied :- ⭕ 1) drreddy has formed inverted head & shoulder Pattern 2) Volume is goood 3) Range breakout as well Guys check out the related ideas as well, it will work really well GUARANTEED ! 🙏FOLLOW for more ! 👍LIKE if think is useful ! ✍COMMENT Below your view !
NSE:DRREDDYLong
by ReviveTraders
4