DrReddy - Trendline trade

22 בנוב׳ 2020

1. The Previous uptrend happened with Incremental Volume
2. The correction happened in low volume
3. Now it's in a support area 4650.
4. It should break the downward slanting trendline with high volume.

Current Close - 4670
Buy above 4950
Stop Loss - 4540
Target - 5502/6000

This idea is invalid once it breaks the support zone and closes below i.e. 4500

24 בנוב׳ 2020

עסקה פעילה

Last price- 4832
It's again in the supply zone. Let's see if it falls down from here. Or breaksout from the trendline.

5 בדצמ׳ 2020

עסקה פעילה

Last Price: 4908
Closing above 4950 in a weekly timeframe would be positive for the stock.

7 בדצמ׳ 2020

עסקה פעילה

The stock moved up above 4950. Let's see if it closes above it for the day.

18 בדצמ׳ 2020

עסקה פעילה

Last Price - 5228
A very wide candle with more than average volume.
A very positive price action.

Nearing our first target of 5500.