This trade is for intraday basis.
Dr Reddy
DRREDDY
appears to have topped out on 15 min chart around 2070 levels.
I can see a negative divergence here with price coming down slowly.
Good opportunity to short if it stays below 2070 for a first target around 2035 and next target around 2000 levels.
Disclaimer: Views expressed here are my own, and should not be interpreted as an Investment Advice. Please consult your Financial Advisor for investments.
Dr Reddy
DRREDDY
appears to have topped out on 15 min chart around 2070 levels. I can see a negative divergence here with price coming down slowly.
Good opportunity to short if it stays below 2070 for a first target around 2035 and next target around 2000 levels.
Disclaimer: Views expressed here are my own, and should not be interpreted as an Investment Advice. Please consult your Financial Advisor for investments.