Pattern_Study

Dr Reddy - Ready for Breakout Above 4875

Long
NSE:DRREDDY   DR REDDYS LABS
Dr Reddy had a breakdown from the flag pattern it formed after huge upwards movement and filled and the gap and also consolidated in the range.

Last three closing have respected 9 DEMA and a closing above 4875 would mean respect for 21 DEMA also.

The stock shall take significant upmove on closing above 4875.
Trade active: Today Dr Reddy has closed above 4875. Long trade is initiated with stop loss at 4875.

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