Get started
sujithzdiffrnt56

DRREDDY Clear breakout with a good retracement

Long
DR REDDYS LABS (NSE:DRREDDY)  
sujithzdiffrnt56  
NSE:DRREDDY   DR REDDYS LABS
Trend Analysis Support and Resistance Trend Lines
4
0
trendanalysis supportandresistance trendline
DRREDDY broke out of the channel and had a clear breakout which is supported by a good retracement at 5117 levels and is poised for a clear up movement.
One can place a low risk high profit trading strategy with a target close to its all time highs and a SL just below the support at 5082 levels.
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.