The 1 day candle has broken 20 day ema , so I expect a bearish move for upcoming.This is only for educational purpose and don't trade with this but analyse yourself.
See the chart but don't trade with this. Do paper trade. This is only for educational purposes.
As it broke my trend line and broke 20-day ema, I expect a bullish move. Remember I only do paper trades. This is only for educational purposes.
As it broke the 20-day exponential moving average, I expect a bearish candle. Remember I only do paper trade. This is only for educational purposes.
AS IT BROKE 20 DAY EMA I AM BEARISH ON THIS STOCK FOR WEEKLY.
NSE:DRREDDY AS IT HAS BROKEN THE PREVIOUS HIGH AND HAS ALSO BROKEN THE W PATTERN AND IF BREAKS THE TREND LINE I HAVE DRAWN THEN I AM BULLISH ON DR.REDDY LABS.
IT IS A INVERTED CUP PATTERN.MOSTLY WE CAN EXPECT A BEARISH BUT TO SAY CLEARLY WE CAN BUY ABOVE THE CONSOLIDATION THAT IS IF IT BREAK THE CONSOLIDATION UPWARDS AND WE CAN SELL BELOW THE CONSOLIDATION THAT IS IF IT BREAKS THE CONSOLIDATION DOWNWARDS.