DR Reddy: Double bottom at support level

Dr. Reddy has created a double bottom pattern. The risk to reward ratio is highly favorable here.

Volumes are increasing slowly with the price which is a positive sign.

All levels are mentioned on the chart. For educational purposes only.

Dagangan aktif:

After giving a double bottom breakout the stock has retraced back to 4500 levels today with lower selling volume. I have added few quantities today For target of 5400 Levels.

Dagangan ditutup: hentian tercapai:

STOP loss hit on this. Please close your positions on this stock.