DRREDDY Clear breakout with a good retracement

DRREDDY broke out of the channel and had a clear breakout which is supported by a good retracement at 5117 levels and is poised for a clear up movement.
One can place a low risk high profit trading strategy with a target close to its all time highs and a SL just below the support at 5082 levels.
Support and ResistanceTrend AnalysisTrend Lines

Penafian