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Shorabh_Jain

Descending Triangle formation in Dr Reddy's

Short
DR REDDYS LABS (NSE:DRREDDY)  
Shorabh_Jain  
NSE:DRREDDY   DR REDDYS LABS
Technical Indicators Chart Patterns Trend Analysis
6
0
indicator chartpattern trendanalysis
This script is trading below 20 & 50 MA, with weakness and downtrend visible on the chart.
The script has also formed a descending triangle pattern.
A breakdown of this triangle may lead to a correction.
Entry and target levels are marked on the chart.
Stoploss is to be placed above the previous swing high.
NIFTY PHARMA INDEX is also weak.
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