DRREDDY - PRICE REENTERING RISING WEDGE CHANNELHi All,
This idea is about Dr Reddys Lab
Fundamentals
Mkt Cap - 106810 Cr
Stock PE - 19.2
ROE - 21%
ROCE - 27%
Mkt Cap/Sales - 3.8
OPM - 28%
Technicals
Price was pushed back to follow the rising wedge pattern & if it sustains above the marked (white line) resistance, can further show an upside of 8-10% to reach the upper channel of rising wedge
Happy Trading,
Thanks,
Stock-n-Shine
