📈 Pre-open Chart #PriceAction Analysis by #KRMG (08 Oct)

👉 Stock 1- #DRREDDY
👉 Sector - PHARMA
👨🏻‍🏫 Analysis Timeframes - Hourly and 15 min (Intra)

🎯 Commentary - It has been strongly reversed to downside from 5000 Level and it also showing strength in downward direction and has 4750 Level as its next barrier as Hourly Timeframe

If it breaks and sustain Below the CRITICAL ZONE it may start continuation of Downtrend and has space till 4820 Level

Watch for #PriceAction around important CRITICAL ZONE structural points to plan your trade

🎯 Coming to sectoral pattern - #NiftyPharma is currently showing the downside strength from its ALL TIME HIGH Level

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