double bottom Breakout at DRREDDY

#doublebottom #pattern #Breakout (trend reversal) at #DRREDDY (Dr Reddy's Laboratories Ltd) weekly chart. Its #Outperformed #Nifty in current scenario.


BSE: 500124 / NSE : DRREDDY

What Is a Double Bottom?
A double bottom pattern is a technical analysis charting pattern that describes a change in trend and a momentum reversal from prior leading price action. It describes the drop of a stock or index, a rebound, another drop to the same or similar level as the original drop, and finally another rebound. The double bottom looks like the letter "W". The twice-touched low is considered a support level.

ONLY FOR #educational

NOT SEBI REGISTERED. #LEARNEARN (DONT TRUST ANYONE)

#nifty50 #sharemarket #BREAKOUTSTOCKS #Multibagger #sharemarket #sharemarketindia #sensex #technicalanalysis #kukiinvest #Chartanalysis #headandshoulders #doubletop #doublebottom #parallelchannel #relativestrength

DISCLAIMER: I am not SEBI registered analyst. All posts are for educational purpose only. I am not responsible for your any loss or profit. Consult your adviser before taking any trade. I help people to learn technical analysis & charts reading.