nikhilgodhani

symmetrical triangle pattern in DRREDDY....

nikhilgodhani Updated   
NSE:DRREDDY   DR REDDYS LABS
Above 5260--5510-- and more
below 5056--5000--4810
i will prefer bullish trade as structure is bullish
sitting above all important moving average in daily timeframe
currently under consolidation phase
Comment:
Downside target achieved but look at tails of both candle clearly indicating demand of stock at support of 4800
Trade closed: target reached:
5056 to 4810( almost 6%)

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