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DR.REDDYS LABORATORIES LTD.
Long

DR Reddy's - Bullish Head n Shoulder Pattern

Par NeeteshJain
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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
Transaction en cours
Transaction en cours
After touching a strong support at 2705, it is coming up steadily.
Transaction en cours
Stoploss revised to 2665
Transaction en cours
Transaction en cours
It is trending up and the final revision of SL 2650. Just sit tight, it shall rebounce.
Transaction en cours
Coming back steadily, now Reddy Ready to boost.
Transaction en cours
Transaction en cours
Firing up
Transaction en cours
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. snapshot
Transaction en cours
Breaking resistance zone
Note
Reddy Ready to boost this time.
Transaction en cours
Trade fermée: cible de profit atteinte
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
Chart PatternsDRREDDYHead and Shoulders
NeeteshJain

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