In our previous update we had highlighted the Buy zone for Dr Reddy. And boy oh boy it did just that. It touched the buy zone and is up almost 3% from those levels.
This is what charts can help us with. Plan the trade. ...
The stock is likely to head towards 2920 / 3215 levels in medium term
The pattern gets invalidated if the stock closes below the red line on a weekly closing basis
Take care & safe trading...!!!
Price broke out of the long-held resistance level. Now depending on market condition price, may pullback towards the breakout line which will provide a good investment scope for intermediate to long-term. Target can be close to 3400-- previous swing top. SL is the breakout line--so a small SL. So good risk-reward ration.
Pharma industry has turned up from a ...
On the 4 hr time frame, looks like the stock is ready to break out and move higher. Target of 2820 and SLTP of 2520.
Disclaimer: I am learning TA and this is my first shot at publishing something. Please do not take this seriously and do your own research. Any constructive feedback on the chart is always welcome.