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mani_sekaran
Nov 17, 2023 2:55 AM

DRREDDY FLAG PATTERN Long

DR REDDYS LABSNSE

Description

DRREDDY price movement in the FLAG pattern range 1hour candle Breakout happen wait for DAY strong close above trend line, If happened Target would be 5950

Comment

After BO now price increased around 120 rupees / 2% return - wait for the target

Trade closed: target reached

5950 target reached
Comments
Kapil-Mittal
You've smartly identified the significance of the 1-hour candle breakout and the importance of waiting for a strong daily close above the trend line. This approach is prudent as it seeks confirmation of the breakout's strength and sustainability, which is crucial in technical analysis.
Bravetotrade
Congratulations and well done for sharing your first idea with the community.
Hope you will be having great experience.
Thanks for your contribution.
From mod @Bravetotrade
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