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srikartiram
Oct 9, 2020 5:53 AM

DRREDDY | Small breakout opportunity Long

DR REDDYS LABSNSE

Description

DRREDDY | Small breakout opportunity

CMP : 5170
SL : 5070
Target : 5450

1:3+ risk reward setup
Comments
sckjaveed
Can you please let me know what are the main reason for this stock to breakout?
inteliigentrader
@sckjaveed, Technicals are saying so. Price has squeezed into a symmetrical triangle pattern and usually the price will breakout on either side, in this case, towards the upside.
sckjaveed
@inteliigentrader, Nice Explanation TXS
Amitesh55667788
sl done ...but holding
srikartiram
@Amitesh55667788, It’s not sl hit.
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