DR Reddys Labs continue to trade in channel

13 בנוב׳ 2016

DR Reddys Labs after hitting a high and sudden nose down, its is continuously trading in channel and stock hit the channel resistance and now is approaching to its channel support around 3100.00, risky trader may enter short in this stock at CMP, conservative trader may wait as it may retest the resistance 3400.00 again and short there if breakout doesn't occurs.