Get started
rohitkukreja

DR.REDDY BULLISH BREAKOUT

Long
DR REDDYS LABS (NSE:DRREDDY)  
rohitkukreja  
NSE:DRREDDY   DR REDDYS LABS
Trend Analysis Support and Resistance Supply and Demand
3
0
trendanalysis supportandresistance supplyanddemand
The price of DRREDDY has given a breakout from 5070, which was previously a resistance level in October 2021.
If the breakout gets sustained, chances are high that price may go up till:-
1. 5440
2.5610
Entry can be initiated around 5100
Stop Loss- Daily close below 4862 for conservative traders.

Aggressive traders can look for daily close below 4980 as their stop loss.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.