TradingView
Ankita_yadav
Sep 21, 2017 8:02 PM

DR REDDYS LABS, LONG, TARGET-2800, SL-2350  Long

DR REDDYS LABSNSE

Description

Share has already started movements in upward direction(shown by blue curve). Share has formed MARUBOZU(shown in green box) with very good volume(shown in black box) which indicates upcoming strong uptrend. EMA 20 days is also moving in upward direction towards EMA 50 days which also indicates the starting of uptrend. All these things indicate that share is bullish now.

Trade active

Trade closed: stop reached

Comments
shiv2798
Madam Good Morning , Marubozu is ideally indicate Complete bullish momentum , other called it as shaven head and bottom , it has slight tail on up so its bullish indication , Further bullish Momentum is Exactly what you said is correct and it will happen , Try to look for small pull back if you have not entered if Gap up on open its better Look for follow through then trade is Good in my understandings
Regards
Ankita_yadav
@shiv2798, thanks for adding your commen and yes.. I am completely agree with you...I consider it as marabou bcoz size of tail is small or almost negligible when compared with real body....
More