DRREDDY oscillates within its trading range, but now it is currently placed nearer to its range bottom. Volume surged indicates good participation. Technical Indicator RSI witness positive divergence.
For Trade in CASH Segment, Refer the below trade plan
Derivative Strategy:
Buy DRREDDY17MAR2950CALL at Rs. 100
Sell DRREDDY17MAR3100CALL at Rs. 50
one put sell(short position) is better idea because all indicators shows positive Drreddy.
i think better to hold this trade for two more days when you get a clear picture…..
Creating long position…!!
Today it sketched DOJI with High volume
https://www.eqsis.com/pro/drreddy-bullish-doji