manuagarwal21

DRREDDY - Another Gem on my Radar

Long
NSE:DRREDDY   DR REDDYS LABS
I have also talked about this stock in my previous post, and since then this stock has been trading in a small range near its all-time highs.

The reason I am interested in this stock is that every time it came to the lower end of the range, it bounces decisively, though whenever it reaches its upper range, it falls with low momentum and usually forms indecisive candles.

Even today it bounced well and it might open gap up tomorrow, and if it opens above the range, it might move fast towards its all-time high i.e. 5512 and beyond.