In January 2021, we have noticed double top in Dr. Reddys share price. on 29 June 2021, the price has reached the neckline of double top formation. Therefore, entry price can be below Rs. 4677. Current price as per the chart is Rs. 4617, which can be the entry price for short. Stop loss should be previous top Rs. 4861. Difference between neck line price of Rs.4677 and double top price of Rs.5400 is 723. Therefore, target can be fixed at Rs.3954 (ie Rs 4677- Rs723)
DRREDDYS – DOUBLE TOP- ENTRY FOR SHORT
