DRREDDY up moveCurrently DRREDDY is trading below 200 EMA on 4 hrs time frame. However it has taken support which is marked on the chart.
It has also broken the trendline with reasonable volumes marked on chart. Seems like ready for a up move in coming weeks.
This is just for an educational purpose.
DRREDDY trade ideas
Drreddy - Elliott wave analysis - Double top formation It ended with truncated ED structure resulting in sharp fall as wave A, which is about to finish soon. Wait for bounce of B wave to short sell for C wave down. It form the double top pattern, but need to confirm the neckline break after correction. The target zone will be 3850.
DRREDDY GO FOR BUY DRREDDY LOOKING STRONG BUT RIGHT NOW ITS JUST WENT OUT FROM THE WEDGE ACCORDING TO ME ONCE IT WILL COME TO MY LEVEL AND WILL ACTIVATE MY BID AND THEN IT WILL START RISE AGAIN HERE ALSO I AM LOOKING FOR 10:1 REWARD TO RISK RATION ANYWAYS IF MARKET WILL NOT COME TO MY LEVEL AND IF MARKET BREAK TODAY'S HIGH THEN CANCEL YOUR BID OTHERWISE WAIT FOR PASS MY BID