RDY trade ideas
#DRREDDY #Priceaction #HADR Reddy 1D: In current market scenario it is preferred to stay with defensives like Pharma / FMCG. In Pharma I see DRL is giving good opportunity to hide behind. HA turned +VE. RSI = 60. Instead any haste rather between 4350 - 4250 can be bought in anticipation of BO for target around 4750 - 4900 with a SL of 4175.
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DRREDDY Daily Bullish GARTLEY Earlier Pattern given good reaction on Type1 entry & hit Target 1
now price again came into PRZ Zone of Pattern it becomes a TYPE2 Entry which is REVERSAL
Price need to follow GREEN TREND LINE and hit Target 1 & 2 , else if Price BREAKS RED TREND LINE is EXIT
POTENTIAL BUY