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.
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.