Chart patterns look good for a short trade
Reasons(all with respect to 1 hr time frame)
1. Drreddy has been travelling in an ascending channel pattern
2. Recently it broke out of the channel pattern with volume support
3. Inverted Cup & Handle pattern too looks perfect
4. Entry can be made after 1 hr breakdown out of the yellow trendline.
5. Target & Sl mentioned as dashed horizontal lines.
Let's wait & watch , how it is going to move!!!
NOTE - Just sharing my view....not a tip nor advice!!!!
Reasons(all with respect to 1 hr time frame)
1. Drreddy has been travelling in an ascending channel pattern
2. Recently it broke out of the channel pattern with volume support
3. Inverted Cup & Handle pattern too looks perfect
4. Entry can be made after 1 hr breakdown out of the yellow trendline.
5. Target & Sl mentioned as dashed horizontal lines.
Let's wait & watch , how it is going to move!!!
NOTE - Just sharing my view....not a tip nor advice!!!!
تم فتح الصفقة
ملاحظة
1st target done!!!أغلقت الصفقة: تم الوصول للهدف
2nd target too done!!ملاحظة
4291 can be next target 4215 gap close target next!!!
منشورات ذات صلة
إخلاء المسؤولية
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.
منشورات ذات صلة
إخلاء المسؤولية
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.