Target: 6500 once broken resistance of 5328.95. please see the chart
Short Term Cash Buy DRREDDY @5070.00-5075 SL 4945 TGT 5300 (Bullish breakout post consolidation) The stock price is 1% lower from intraday high so good entry level. Break resistance 5011 and 5006 on daily and hourly chart so chart looks bullish. Next resistance level 5200/5395 we expect it to break 5200 and move towards 5395. Close to VWAP 5054 once hold can...
Dr Reddy had a breakdown from the flag pattern it formed after huge upwards movement and filled and the gap and also consolidated in the range. Last three closing have respected 9 DEMA and a closing above 4875 would mean respect for 21 DEMA also. The stock shall take significant upmove on closing above 4875.
Buy DR REDDY Setup - 6.4% gain (September 2020)