DRREDDY BULLISH DOJI – EQSIS PRO

Maruti Patil, February 21, 2017, DRREDDY

DRREDDY IS HIGH VOLUME DOJI CANDLE. AND ITS BULLISH SING.

BUY ABOVE – 2935.50

STOPLOSS – 2880.00

TARGET – 1st – 3022

TARGET – 2nd – 3160

4 Comments

EQSIS 7 years ago

i do have bullish view, But lets see how to how to it going to progress

https://www.eqsis.com/pro/drreddy-witnessed-positive-divergence-from-its-support-zone/

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Author

Maruti Patil 7 years ago

Yes sir because all pharma stock run but only drreddy sideways.

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V.VEDANAYAGAM 7 years ago

Dear sir /madam
Any reversal trend requires CONFIRMATION on the next day of reversal sign. IN the chart there was an excellent Hammer on 16 02 2017 itself with adequate volume but not confirmed on the next day(17 02 2017.) Hence we must wait for a bull candle to form on 22 02 2017 for us to frame a long trade plan with the bottom of the bull candle body as stop loss

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Leelakrishna 7 years ago

Hi Maruti,

Nice Observation. After Significant price fall Hammer and Doji got formed.

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