Dr Reddy: A case of Previous resistance now providing support
DR reddy
Cmp 2343
The stock had seen 2260-2265 acting as resistance a few days back. It gave a breakout and zoomed towards 2526 in a matter of 2 days.
Thereafter the stock has seen retracement and had been falling. Today the stock has reversed back from exactly from its previous resistance zone confirming previous resistance now acting as support
Target 2450 and higher
Take care & safe trading....
Cmp 2343
The stock had seen 2260-2265 acting as resistance a few days back. It gave a breakout and zoomed towards 2526 in a matter of 2 days.
Thereafter the stock has seen retracement and had been falling. Today the stock has reversed back from exactly from its previous resistance zone confirming previous resistance now acting as support
Target 2450 and higher
Take care & safe trading....
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