ALL THE LEVELS AND PATTERNS ARE MARKED ON CHART, RED ZONES DENOTES SUPPLY ZONES AND GREEN IS FOR DEMAND ZONE . BUY NEAR 4885 FOR TARGETS OF 4962/5000/5040 The indicator used: 1) Daily Lines plots Daily 20 (BLACK) & 50 EMA (GREY) on lower time frame charts 2) TE-REKAB - PB : PULLBACK If you like the analysis, do leave a like and follow for more such content...
This analysis is purely based on price action. Analysis is done on daily TF hence it may take several days to couple of weeks to reach its target. Traders can also take advantage of this analysis in intraday trades. Trade Strategy along with logic is explained in video itself. Always plan your trade & trade your plan Keep trailing SL accordingly once entered...
Buy DR REDDY Setup - 6.4% gain (September 2020)
Overall Strong Uptrend Move . Previous 6 Days Price Stucked In A Range Formed Inside Bar 5 Candle Close In It . ADX Above 25 +DI Above -DI Buy Above :- 4080 (Aggressive) , 4128 (Conventional ) Sl :- 3950 Target :- 4310-4390 Trail Your Sl And Try to Ride the Big Rally . Happy Trading .
Dr. Reddy's is showing traction on upside immediate target seems to be 4100+ Buy 4080 CE