DR REDDY LAB
Disclaimer - This idea is only for educational purpose and I will not be liable for any profit/loss that you might incur.
Dr . Reddy fell from 5615 to 4440. Its since then retracing and faced rejection from 50% area, but while retracing it has made a rising wedge pattern and also given a break down on daily as well as hourly time frames. In my opinion it might test 4600 levels again before going up. So this is a good shorting opportunity.
Stoploss shouldn't be above '4975'
Dr . Reddy fell from 5615 to 4440. Its since then retracing and faced rejection from 50% area, but while retracing it has made a rising wedge pattern and also given a break down on daily as well as hourly time frames. In my opinion it might test 4600 levels again before going up. So this is a good shorting opportunity.
Stoploss shouldn't be above '4975'
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.