DRREDDY
Uptrend Continuation: The market has been in a strong uptrend since mid-June, with consistent higher highs and higher lows, indicating bullish momentum.
Recent Consolidation: The price has been moving sideways around the 7,000 level, showing some consolidation after a significant rally.
This consolidation could be setting the stage for the next move.
Momentum and Compression: The recent compression of the candlesticks suggests a potential buildup in momentum. This often indicates that the market
is preparing for a breakout, which could be either upward or downward depending on upcoming market signals.
Ready to Spike: Given the consolidation at a high level, there’s a potential for a sharp spike if the price breaks above the recent resistance levels near 7,031.35.
Traders should watch for breakout signals and volume spikes as confirmation.
Recent Consolidation: The price has been moving sideways around the 7,000 level, showing some consolidation after a significant rally.
This consolidation could be setting the stage for the next move.
Momentum and Compression: The recent compression of the candlesticks suggests a potential buildup in momentum. This often indicates that the market
is preparing for a breakout, which could be either upward or downward depending on upcoming market signals.
Ready to Spike: Given the consolidation at a high level, there’s a potential for a sharp spike if the price breaks above the recent resistance levels near 7,031.35.
Traders should watch for breakout signals and volume spikes as confirmation.
Automated Tools/Indicators/Screeners available at kkonline.org/nimblrta
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.