롱

DR Reddy's - Bullish Head n Shoulder Pattern

업데이트됨

It is been observed on the daily chart that the price action forms an inverse Head N Shoulder pattern, indicating a positive and bullish move ahead.

Target 1: 2770

Target 2: 2810

Stoploss: 2690

액티브 트레이드

After touching a strong support at 2705, it is coming up steadily.

액티브 트레이드

Stoploss revised to 2665

액티브 트레이드

It is trending up and the final revision of SL 2650. Just sit tight, it shall rebounce.

액티브 트레이드

Coming back steadily, now Reddy Ready to boost.

액티브 트레이드

Firing up

액티브 트레이드

As requested by many traders on email, here is the current chart of Dr Reddy's, it is been consolidating between a range as marked in the chart. Once it breaks above resistance zone or breaks below support zone then we could see a fast momentum in the stock.

액티브 트레이드

Breaking resistance zone

노트

Reddy Ready to boost this time.

액티브 트레이드

거래청산: 타겟 닿음

It is been a week of consolidation and holding, and now eventually we reached our target successfully only by following the golden rule of trading "Sit tight". Thanks