Trade ideas
DR REDDY LOOK OUT FOR THESE LEVELS!!! ALL THE LEVELS AND PATTERNS ARE MARKED ON CHART, RED ZONES DENOTES SUPPLY ZONES AND GREEN IS FOR DEMAND ZONE .
GAVE A BREAK OUT FROM TRIANGLE AND RE TESTED THE SAME TRENDLINE TO BOUNCE BACK. BUY AT 4980; 4980-4960 IS A HUGE SUPPORT LEVEL AND PRICE HAS ALREADY RETESTED THE LEVEL.
The indicator used:
1) Daily Lines plots Daily 20 (BLACK) & 50 EMA (GREY) on lower time frame charts
2) TE-REKAB
- PB : PULLBACK
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The analysis is my POV, hope you got bucks in your pocket to consult a financial advisor before investing :P :)
HAPPY TRADING!!!
DRREDDY Weekly May go to 6700Drreddy rounded bottom formation with 2nd FLAG formed after today's rise.
Weekly shared for Positional/investment
Own analysis of the chart is must, money is yours, spend wisely, trade as per the your risk capacity.
Positional or Investment -- One can create entry tomorrow , keeping SL below yesterday dalily low
Trade- Once it gives closing above today's high on 5min closing bar, once can enter for trade.