The 1-hour chart for Dr. Reddy's Laboratories (NSE) indicates a bearish flag pattern forming after a recent downtrend. The price is currently consolidating within a small upward channel, suggesting a continuation of the previous bearish move.
Current Price: 6,600.00 INR
Resistance Level: Around 6,600.00 INR
Support Level: 6,526.05 INR
The volume is relatively low, which is typical during consolidation phases. A break below the support level of 6,526.05 INR could confirm the bearish continuation, potentially leading to further downside.
Current Price: 6,600.00 INR
Resistance Level: Around 6,600.00 INR
Support Level: 6,526.05 INR
The volume is relatively low, which is typical during consolidation phases. A break below the support level of 6,526.05 INR could confirm the bearish continuation, potentially leading to further downside.
註釋
SL hit
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