DRREDDY inside an Inverted Cup & Handle ??!!!

Chart patterns look good for a short trade

Reasons(all with respect to 1 hr time frame)

1. Drreddy has been travelling in an ascending channel pattern
2. Recently it broke out of the channel pattern with volume support
3. Inverted Cup & Handle pattern too looks perfect
4. Entry can be made after 1 hr breakdown out of the yellow trendline.
5. Target & Sl mentioned as dashed horizontal lines.


Let's wait & watch , how it is going to move!!!

NOTE - Just sharing my view....not a tip nor advice!!!!

Dagangan aktif:

Komen:

1st target done!!!

Dagangan ditutup: sasaran tercapai:

2nd target too done!!

Komen:

4291 can be next target
4215 gap close target next!!!