DR Reddy's - Bullish Head n Shoulder Pattern

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

交易進行

After touching a strong support at 2705, it is coming up steadily.

交易進行

Stoploss revised to 2665

交易進行

It is trending up and the final revision of SL 2650. Just sit tight, it shall rebounce.

交易進行

Coming back steadily, now Reddy Ready to boost.

交易進行

Firing up

交易進行

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.

交易進行

Breaking resistance zone

註釋

Reddy Ready to boost this time.

交易進行

交易結束：目標達成

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