DRREDDY – Clean Channel Play Showing Buyers Defending SupportThis chart clearly shows price moving inside a well-defined descending channel.
Every time price reaches the upper trendline, sellers step in.
Every time price comes near the lower trendline, buyers defend the zone strongly.
Recently, price again touched the channel support and reacted sharply upward, showing demand is still active at this level.
This tells us two important things:
• The structure is still respected
• Buyers are not giving up the lower range
As long as price holds above this support area, the market is likely to continue oscillating inside the channel.
A real trend change will only come when price breaks and holds above the channel resistance.
Until then, this is pure range + structure behavior.
No indicators.
Just price reacting to levels.
Feel free to comment if you want a deeper breakdown.
