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DRREDDY had a good volume spike in the last trading session and is not making new ALL-TIME HIGHS.
The stock has shown upside move each time it had a green volume spike and we can expect the same to happen again.
We can expect some pullback but seeing the green volume, but there is a higher likelihood of the stock going up over the next few days.
If Nifty and the overall market stays positive we can have some good long setups in it.
I would be very cautious ongoing for any long trades if the overall market turns negative and currently Nifty can take either direction.
Always keep pulse of Nifty before taking or while in any trades.
Please note: These are my views and not trading advice. Please consult your financial adviser before making any trading decision.
“Money is made by sitting, not trading.” - Jesse Livermore
Before you start reading kindly hit that like button. It motivates me to keep doing such work for free.
Thanks
DRREDDY had a good volume spike in the last trading session and is not making new ALL-TIME HIGHS.
The stock has shown upside move each time it had a green volume spike and we can expect the same to happen again.
We can expect some pullback but seeing the green volume, but there is a higher likelihood of the stock going up over the next few days.
If Nifty and the overall market stays positive we can have some good long setups in it.
I would be very cautious ongoing for any long trades if the overall market turns negative and currently Nifty can take either direction.
Always keep pulse of Nifty before taking or while in any trades.
Please note: These are my views and not trading advice. Please consult your financial adviser before making any trading decision.
“Money is made by sitting, not trading.” - Jesse Livermore