DRREDDY INTO BEARS WARD ???!!!!
アップデート済
Chart pattern depicts the situation clearly
REASONS
1. DRREDDY has been trading in an Ascending channel respecting the levels perfectly.
2. In Monthly timeframe, DRREDDY has given a Breakdown out of the 5 Year old trendline Support(White coloured)
3. Now, it is going through a Downswing(Descending Channel) inside the Ascending channel
4. Right now in Daily timeframe, it is Consolidating tightly in form of a Rounding Top.
5. Target & SL levels mentioned @ chart.
Safer SL - Day close above 4500
Let's wait and watch how it moves!!!!
Note - Just Sharing my view....not a tip nor advice!!!
REASONS
1. DRREDDY has been trading in an Ascending channel respecting the levels perfectly.
2. In Monthly timeframe, DRREDDY has given a Breakdown out of the 5 Year old trendline Support(White coloured)
3. Now, it is going through a Downswing(Descending Channel) inside the Ascending channel
4. Right now in Daily timeframe, it is Consolidating tightly in form of a Rounding Top.
5. Target & SL levels mentioned @ chart.
Safer SL - Day close above 4500
Let's wait and watch how it moves!!!!
Note - Just Sharing my view....not a tip nor advice!!!
ノート
Very narrow range!!! We can expect a big volatile move!!!Also there is H&S in 1 hr timeframe!!!
ノート
h&s breakdown with good volume support!!!4240 can be 1st target!!!
トレード稼働中
Above said ,h&s target achieved!!! with expected volatility In daily timeframe , H&S alike pattern breakdown again!!!
トレード稼働中
setup intact!!!
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