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

2 Comments
  1. MOHAN KUMAR R 5 years ago

    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.

  2. Author
    Prakash K 5 years ago

    Thanks Mohan for your suggestions.

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