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Divergent_trader

DRREDDY | INCOMING BREAKOUT | 2:1 RR

Long
DR REDDYS LABS (NSE:DRREDDY)  
Divergent_trader Updated   
NSE:DRREDDY   DR REDDYS LABS
Chart Patterns Technical Indicators Double Bottom head_and_shoulder LONG swingtrading
6
0
chartpattern indicator doublebottom head_and_shoulder long swingtrading
Drreddy has been repeatedly testing an important resistance level of 4400. Forming a double bottom, Drreddy has established a good base & is now ready for breakout above 4400. Trade is as follows.

Entry 4365
SL 4239
Targets 4644, 4796.

Please trade according to your risk appetite. Once in the trade, enter SL first.
Happy Trading!
Comment:
TRADE NOT TRIGGERED. VIEW NEGATED AS LEVELS BREACHED
Order cancelled

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