Dr Reddy: Will it take a breather

Apr 23, 2020

Dr Reddy
We observe a bearish harami cross candlestick pattern.
Levels mentioned in chart

Alternatively one may consider selling Dr Reddy 4100 Call option

Expiry: 30 April 2020

Lot size 250

Price range around 80 (Closing Price is 86.20)

Target: 20 / 0


Take care & safe trading

Apr 24, 2020

Trade active

Dr Reddy 4100 Call option
CMP 85

Apr 27, 2020

Trade active

Dr Redddy 4100 Call option update

Sold @ 85

Cmp 35

That's a profit of 250*50= Rs 12500/- per lot so far

Consider partial profit booking & keep Stop loss @ cost for balance to ensure profitability in trade

Enjoy & Happy trading...!!!

Follow

Apr 28, 2020

Trade closed: target reached

In cash market Target 2 achieved. Made a low of 3930.10 so far

Strategy update

4100 Call option

Target of 20 achieved.

cmp 19.50

That's a profit of 250*65.5= Rs 16375/- per lot.

Consider booking profits completely as per risk appetite or keep a revised stop loss at 35 to ensure profitability in trade & continue to hold

Happy trading...!!! :-)