Dr Reddys lab view

4 set 2017

CMP 2198

Dr Reddys lab has given a nice breakout and the stock can be heading higher over medium term
Buying on dips can be considered

Targets

2320 / 2403 / 2520 / 2600


Immediate support around 2160

Stop below 2100

Do review your trading plan and
plan your trade accordingly

Take care & safe trading...!!!

8 set 2017

Trade attivo

We have got the dip we were looking for....
Dr Reddy came down and has tested its breakout zone

14 set 2017

Trade attivo

We entered when Dr reddy gave a dip at 2140.

Cmp 2245.

Now as a hedge strategy we buy dr reddy 2200 put option at 40.

Now we continue to hold our position for upside target of 2400+ in peace without any worry at all.... :-)


As the strategy will ensure profitability below 2160 through put option thereby locking a minimum profit of 200* 20 ie. rs 4000 even in worst case situation imaginable

happy trading...!!!