DR Reddy Month timeframe..Big move in the offing

19 Ara 2016

Month timeframe chart using simple trendlines...a triangular formation awaiting BIG move on either side.

Breakout above 3300 and breakdown below 2900.

On long term..rally will be treated as a corrective rally..assuming a multi year corrective phase.

10 Oca 2017

Not

At the cusp of the triangle breakout OR breakdown. Significant action coming up on either side.

24 Oca 2017

İşlem aktif

Bears make the move..by breaking the monthly trendline. Aggressively staying below 3003, expect sharp downsides. Conservatively holding below 3150, sell on rises mode continues.

9 Mar 2017

İşlem aktif

Bears are now following up with a strong sell off. Sustaining below 2800 is disastrous for bulls with a potential to slide to 2200 to 2000 levels ( worst case scenario )

21 Mar 2017

İşlem aktif

The crackdown in Dr Reddy continues with another 4% cut. Trade continues from 3100 to 2600 and ongoing....