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vinayak.mohta5
26 Eyl 2020 13:01

DR Reddy's (Ready to Breakout of its consolidation ?) 

DR REDDYS LABSNSE

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Since the news of Dr. Reddy's collaboration with the Russian counterparts has been out, the stocks has been in a strong bullish momentum. However it seems to have fizzled out a bit and the stock has been consolidating for a while now. However it still is at the verge of breaking out upwards and it might happen as early as Monday. However to continue the bullish momentum some volumes would be needed to support it.
However in case the stock reverses there might also be a possibility of a bearish breakout as well.
No matter which side the stock should soon give a move and continue to the targets.
Keep an eye. Should be interesting.
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BakiShirzadi
Nice analysis, keep it up
vinayak.mohta5
@BakiShirzadi, Thank you
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