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DR.REDDYS LABORATORIES LTD.
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DR Reddy's - Bullish Head n Shoulder Pattern

Por NeeteshJain
Atualizado
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
Trade ativo
Trade ativo
After touching a strong support at 2705, it is coming up steadily.
Trade ativo
Stoploss revised to 2665
Trade ativo
Trade ativo
It is trending up and the final revision of SL 2650. Just sit tight, it shall rebounce.
Trade ativo
Coming back steadily, now Reddy Ready to boost.
Trade ativo
Trade ativo
Firing up
Trade ativo
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. captura
Trade ativo
Breaking resistance zone
Nota
Reddy Ready to boost this time.
Trade ativo
Trade fechado: objetivo atingido
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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