SolomonsView

#DRREDDY bullish triangle to bearish rectangle

Short
SolomonsView Updated   
NSE:DRREDDY1!   DR REDDYS LABS FUTURES
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
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