DR Reddy's - Bullish Head n Shoulder Pattern

تم تحديثه
It is been observed on the daily chart that the price action forms an inverse Head N Shoulder pattern, indicating a positive and bullish move ahead.

Target 1: 2770

Target 2: 2810

Stoploss: 2690
تم فتح الصفقة
تم فتح الصفقة
After touching a strong support at 2705, it is coming up steadily.
تم فتح الصفقة
Stoploss revised to 2665
تم فتح الصفقة
تم فتح الصفقة
It is trending up and the final revision of SL 2650. Just sit tight, it shall rebounce.
تم فتح الصفقة
Coming back steadily, now Reddy Ready to boost.
تم فتح الصفقة
تم فتح الصفقة
Firing up
تم فتح الصفقة
As requested by many traders on email, here is the current chart of Dr Reddy's, it is been consolidating between a range as marked in the chart. Once it breaks above resistance zone or breaks below support zone then we could see a fast momentum in the stock. لقطة
تم فتح الصفقة
Breaking resistance zone
ملاحظة
Reddy Ready to boost this time.
تم فتح الصفقة
أغلقت الصفقة: تم الوصول للهدف
It is been a week of consolidation and holding, and now eventually we reached our target successfully only by following the golden rule of trading "Sit tight". Thanks
Chart PatternsDRREDDYHead and Shoulders

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