dr reddy short sell
Updated
Overall in weekly and monthly it is bullish.
It's away from the moving averages.
It is suggesting a breakout which is a fakeout as it does not correlates with the moving averages.
the target should be 60% fib retracement which is 4520 appx.
then it should have a target of above 4700.
Let's se if it happens. if i can understand what i have learnt in all these years.
cheers,
Manu
It's away from the moving averages.
It is suggesting a breakout which is a fakeout as it does not correlates with the moving averages.
the target should be 60% fib retracement which is 4520 appx.
then it should have a target of above 4700.
Let's se if it happens. if i can understand what i have learnt in all these years.
cheers,
Manu
Note
a stock can move away from the moving "averages but it cannot stay away from the moving averages" (Oliver velez)Note
You can see a diversion too but it happened because the stock is away from the moving averages.
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