DR REDDY is showing signs of a weak Reversal. This is just profit booking in process of the short positions. The overall trend still remains Bearish.
We can anticipate a price rally towards 1187 price level.
However, the sell off is expected to continue in the coming weeks.
I anticipate the stock to correct towards 1080 price level in the near short term.
We can anticipate a price rally towards 1187 price level.
However, the sell off is expected to continue in the coming weeks.
I anticipate the stock to correct towards 1080 price level in the near short term.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.