DR REDDY - Sideways to bearish
Stock is in ongoing impulse on a major timeframe.
In the short term, it is in an ongoing correction.
In the very short term, the Stock is in the B wave, a breakdown of the recent swing low with good volumes can ensure start of the C wave.
A negative divergence of RSI can be observed in the recent upmove.
Due to Ongoing Flat correction(3-3-5), the rule of equality will hold for A=C. The length of C downward will be at least the length of A.
In the short term, it is in an ongoing correction.
In the very short term, the Stock is in the B wave, a breakdown of the recent swing low with good volumes can ensure start of the C wave.
A negative divergence of RSI can be observed in the recent upmove.
Due to Ongoing Flat correction(3-3-5), the rule of equality will hold for A=C. The length of C downward will be at least the length of A.
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