ALL THE LEVELS ARE MARKED ON CHART; PRICE WAS STRUGGLING TO BREAK DAILY 20 EMA, IT HAS BROKEN IT WITH GOOD VOLUME IT MIGHT COME BACK TO THE EMA FOR CONSOLIDATION. The indicator used: 1) Daily Lines plots Daily 20 EMA on lower time frame charts If you like the analysis, do leave a like and follow for more such content coming up. The analysis is my POV, hope you...
Note: This is for educational purpose only. There seems to be a bullish flag and pennant pattern. RSI is above 60 indicates bullish momentum.
Note: This is for educational purpose only. There seems to be a hammer at 21 EMA which acts as dynamic support. The 21 EMA has acted as a dynamic support before as well. RSI above 60 indicates which indicates bullish momentum. This is on hourly chart. Moreover, 21 EMA is above 55 EMA which indicates short term up trend.
Buy above 4442 for 15,40,70++ Sell below 4410 for 15,40,70++ Can comment or ping me for any query All views for Educational purpose, Trade at your own risk
Great Upside Opportunity !!!
If this count is right, then we'll see more upside for wave (v) of some larger degree impulse leg. NSE:DRREDDY
DRREDDY is forming a pole and flag pattern on a daily basis with the price at upper end of the flag .The support as of now lies at 3610 .A close above the breakout range will give at least 15-20% return.Will update if i enter this trade.