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Satvik_Singhal

Dr Reddy [Pharma Play]

Long
DR REDDYS LABS (NSE:DRREDDY)  
Satvik_Singhal  
NSE:DRREDDY   DR REDDYS LABS
Chart Patterns PHARMA
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chartpattern pharma
Stock has has been correcting for a while.
Nifty Pharma has also been correcting and could show rebound anytime soon.

  • Stock has taken strong support at 4800-4850 levels and has given a rebound as well.
  • Good time to start accumulating the stock.
  • MACD is has also given sign for reversal.

1st Target: 5330
2nd Target: 5500
SL@4700
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