Dr Reddy’s Lab has a double top . A on 6.1.17 @ 3201 : B on 6.2.17 @ 3174 : C at 2904.
Very high volume at “C”.
US FDA & Court verdict is not in favour. Short can be created
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Dr Reddy’s Lab has a double top . A on 6.1.17 @ 3201 : B on 6.2.17 @ 3174 : C at 2904.
Very high volume at “C”.
US FDA & Court verdict is not in favour. Short can be created
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A detailed observation with sector news.
I agree on your observation, meanwhile i have posted bullish view with an anticipation of second bottom formation at current levels. However my recommend is a kind of forecasting. But your observation is trend following method.
My Views are available at https://www.eqsis.com/pro/drreddy-witnessed-positive-divergence-from-its-support-zone/
I recommend you to revise your stoploss to 2960
Nice Observation.