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Tagged: Dow Theory, DRREDDY Bullish
HB-HT sequence(29th July to 12th Aug) is formed with high volume, Long position can be created after the breakout(30-July) with the below trade plan. No further position can be created after this point and need to wait for further market movement to understand the direction of the trend.
Trade Plan: DRREDDY, Direction -Long, Entry above 3930, Stop Loss: 3712, Target: 4168
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