Long

DRREDDY Symmetrical Triangle form

DRREDDY DRREDDY

Time Frame – Weekly

Observations: -
* Symmetrical Triangle form breakout above 4650
* Consolidation & range formation between 4000-4650 zone
* Weekly 200 SMA strong support (Red line)
* Taking trendline support also
* Dry volume

Resistance – 4930 / 5615 / 6180 / 6830

Support – 4000 & weekly 200 SMA

DISCLAIMER: NCFM Certified Technical Analyst. I am not SEBI registered analyst. All posts are for educational purposes only. I am not responsible for your any loss or profit. Consult your adviser before taking any trade. I help people to learn technical analysis & charts reading.

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