DR REDDY'S LABORATORIES LTD discussion
DRREDDY is good on chart across 650Entry - 6082
SL - 5960
Target 1- 6203
Target 2- 6325
target 3- 6447
DRREDDY IT will break 6500 soon
DRREDDY 1. Negative trend
2. Hold short positions with a SL of 6080
DRREDDY Today's bearish candle confirms the formation of a double top pattern. The degree of decline in STMA band shows weakness in price. Also recently the price has broken the structure with a strong bullish candle. So, the probability of retesting lower levels is high and according to my strategy we are in a no trade zone.
DRREDDY looks bullish near term
DRREDDY Here, is the chart for your reference and once it break and sustain above 6000+ only then you can expect long move
DRREDDY can break out from 5200
DRREDDY looks good to buy from current price
DRREDDY here, is the chart for Drready for you...
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