DRREDDY

#DRREDDY

The stock gave a trendline breakout in the previous sessions and in the last session, it re-tested the breakout area.
Also, the price is facing support from 4490-4480 zone which co-insides with 50% FIb Retracement Level. Look for a buy confirmation.

BUY ABOVE ****
SL ****
TARGETS ****/****/****

INDICATORS USED:
1. Fibonacci Retracement
2. Volume
3. Multi-Oscilattor for Overbought/Oversold & Diversions.
4. Valuation Bands by TradingEdge Academy
&
Proprietory Indicator - Trend and Reversals with Volume by TradingEdge Academy

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