#drreddy Dip is a buy opportunity

2021年3月4日

Scrip Name - Dr reddy Labs
~~~~~~~~~~~~~~
~~~~~~~~~~~~~~

Techincal Analysis:

1. Formed double bottom at the important support.
2. Decisive breakout from the trend line resistance.
3. My small understanding towards market structure and price action.

----------------------------------

How to trade:

1. Buy at dips if risk reward is favorable with Stop loss 4390.

------------or----------

2. If dips and sustains above recent high above 4590 then go long with SL recent low.

----------or--------------

3. If dips and forms a bullish structure in lower TF i.e. in 15 min, then buy with the SL of the low of the structure.

------------------------------------

Targets

TP1 - 4700
TP2 - 4850

TP3 (POSITIONAL) - 5440

===============================


If you do like my ideas then give a like, comment and follow me to keep me motivated.
Cheers and happy trading!

Regards,
Sharma Yogesh