DR Reddy's - Bullish Head n Shoulder Pattern
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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
Target 1: 2770
Target 2: 2810
Stoploss: 2690
Trade attivo
Trade attivo
After touching a strong support at 2705, it is coming up steadily.Trade attivo
Stoploss revised to 2665Trade attivo
Trade attivo
It is trending up and the final revision of SL 2650. Just sit tight, it shall rebounce.Trade attivo
Coming back steadily, now Reddy Ready to boost.Trade attivo
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Firing upTrade attivo
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. Trade attivo
Breaking resistance zoneNota
Reddy Ready to boost this time.Trade attivo
Trade chiuso: obiettivo raggiunto
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
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