Dr Reddys Labs has formed a 'Descending triangle' and is hovering around support (2979.75). Can short it once breaks the support.
Also, can see 'Head and Shoulders'. If it breaks from here, then 2925 looks feasible in few sessions.
Also, can see 'Head and Shoulders'. If it breaks from here, then 2925 looks feasible in few sessions.
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Breakdown, As expected :D
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What a breakdown in Dr Reddys... Already 35 points down from its breakpoint.
Close to our target.
Close to our target.
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Target Met :D
From 2979 to 2925 in no time !
From 2979 to 2925 in no time !
We should see a downside now.