CLOSED

DRREDDY
Stoploss Triggered

4384 -2.65%
Close Price
(2021-03-15 04:10:00)
4503.4
Entry Price
(2021-03-10 15:15:00)
5300
Target Price
 
4384
Stoploss
 
Enter at below 4499.85 | Created on 2021-03-10 09:44:17 and valid till 2021-05-18 18:30:00

Trade rationale

Other – Study mentioned in Notes Below

Currently, the price is testing the breakout zone of 2015 high on the weekly chart and RSI is bouncing at 40 levels on the weekly chart. When we come at the daily chart there is bullish divergence over RSI along with diminishing volume which signifies selling is being silently absorbed. Price has formed Adams and Eve setup at the support (prior resistance).