DR Reddy Month timeframe..Big move in the offing

2016年12月19日

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.

2017年1月10日

ノート

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

2017年1月24日

トレード稼働中

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.

2017年3月9日

トレード稼働中

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 )

2017年3月21日

トレード稼働中

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