Dr.Reddys Laboratories Limited stock was chosen. Demand zone noticed between 08-Jul-16 and 21-Jul-16. After the demand zone, breakout evidenced downwards. Runaway gap formed on 27-Jul-16 which shows strong bears. Short position is recommended for this scenario
Dr.Reddys Laboratories Limited_Runaway Gap
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Stock Analysis
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Bullish View
Bearish View
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Hi Prakash,
Nice finding. Demand zone indicates the Buyers zone and Supply zone indicates the Seller Zone, this alone we have to get correct. Remaining are perfect I think.
Thanks Mohan for your suggestions.