Beginner's analysis.DrReddy has broken a year long trendline.
Let's see how big the fall would be. I honestly don't know,
though expecting big downfall.
Expecting
NBVENTURES | Strong RSI divergence,falling wedge can give us 25%NBVENTURES | Strong RSI divergence (Lower time frames), oversold in Daily time frame. Bounce and breakout from the falling wedge can give us
25%
CMP : 47.50 (Ideal to enter @ 46.50)
SL : 44
Target : 58 or exit near the trendline as it is getting narrow.
Almost 1:6+ risk reward setup
P.S : Trade with very lite position size as the volume history is not stable in this script.
BTC respecting this Ascending Triangle An ascending Triangle is being forming at the resistance area and consolidating between $3867 to $3967... expecting breakout in up side!!
