Text me if you have any questions/comments for me.
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RDY
- Previous analysis was done on 21 Oct (red arrow) -> suggested waiting for a successful rebound around 3.80 levels before plotting entry
- If you have taken the suggestion, today’s price action would have provided gains of almost 4%
- On 12 Oct, I also suggested entry at 3.50 levels which has seen the stock increase almost 13% since
- Price is currently too far from the short-term support
- Potential psychological resistance at $4 levels
- R is more than 10%
- Strategy-to-buy (DYOR) – Suggest waiting for a retracement and successful rebound
-----
RDY
- Previous analysis was done on 21 Oct (red arrow) -> suggested waiting for a successful rebound around 3.80 levels before plotting entry
- If you have taken the suggestion, today’s price action would have provided gains of almost 4%
- On 12 Oct, I also suggested entry at 3.50 levels which has seen the stock increase almost 13% since
- Price is currently too far from the short-term support
- Potential psychological resistance at $4 levels
- R is more than 10%
- Strategy-to-buy (DYOR) – Suggest waiting for a retracement and successful rebound