DRREDDY's triangle setup shown earlier triggered its stop levels and now has shaped up to be a rectangle that has broken on the downside. Expect a downmove towards 4770 which is the normal target out of a rectangle. support and caution can be expected at 4845 which is the gap support
Trade closed: target reached
Target met again, closing trade
Michael @ SolomonsView
Twitter - @SolomonsView
Twitter - @SolomonsView
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Michael @ SolomonsView
Twitter - @SolomonsView
Twitter - @SolomonsView
Related publications
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.