DR Reddy's - Bullish Head n Shoulder Pattern

11 Tem 2017

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

11 Tem 2017

İşlem aktif

11 Tem 2017

İşlem aktif

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

11 Tem 2017

İşlem aktif

Stoploss revised to 2665

12 Tem 2017

İşlem aktif

12 Tem 2017

İşlem aktif

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

13 Tem 2017

İşlem aktif

Coming back steadily, now Reddy Ready to boost.

14 Tem 2017

İşlem aktif

14 Tem 2017

İşlem aktif

Firing up

14 Tem 2017

İşlem aktif

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.

18 Tem 2017

İşlem aktif

Breaking resistance zone

18 Tem 2017

Not

Reddy Ready to boost this time.

19 Tem 2017

İşlem aktif

19 Tem 2017

İşlem kapandı: hedefe ulaştı

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