DRREDDY'S – Bullish – Double Bottom

[Lakshman Chandrasekaran]

Long Position

1. Entry – 3365
2. Stop Loss – 3310
3. Target – 3420

In the image attached of DRREDDY’S a long position can be created at the above given values as we can see a double top (points A &B) with good volume at the second bottom. The time difference between the bottoms is well over a month.

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