Price Action with clear picture of Volume on DRREDY:
------------------------------Price Action vs. Volume!------------------------------------
Let's talk on the left to the right side:
6th and 5th candles : wide body with normal tail and 3x volume which means buyers.
4rd Candle, Volume less compared to 5th and 6th candle and price falling: Clearly showed that something is cooking and till price can move up because of abnormality seen with volume. Buyers are started booking profit!!!
3rd Candle: Tail in both sides, the volume also validated and clear its was profit booking started who has bought.
2nd: Upar wicks and price closed nearby opened which indicates that sellers ready to sell if they get chance.
---> We are ready for U-turn
Let's talk on the left to the right side:
6th and 5th candles : wide body with normal tail and 3x volume which means buyers.
4rd Candle, Volume less compared to 5th and 6th candle and price falling: Clearly showed that something is cooking and till price can move up because of abnormality seen with volume. Buyers are started booking profit!!!
3rd Candle: Tail in both sides, the volume also validated and clear its was profit booking started who has bought.
2nd: Upar wicks and price closed nearby opened which indicates that sellers ready to sell if they get chance.
---> We are ready for U-turn
I suggest to short this stock or buy put whenever create ATH.