DR Reddy's (Ready to Breakout of its consolidation ?)
Since the news of Dr. Reddy's collaboration with the Russian counterparts has been out, the stocks has been in a strong bullish momentum. However it seems to have fizzled out a bit and the stock has been consolidating for a while now. However it still is at the verge of breaking out upwards and it might happen as early as Monday. However to continue the bullish momentum some volumes would be needed to support it.
However in case the stock reverses there might also be a possibility of a bearish breakout as well.
No matter which side the stock should soon give a move and continue to the targets.
Keep an eye. Should be interesting.
However in case the stock reverses there might also be a possibility of a bearish breakout as well.
No matter which side the stock should soon give a move and continue to the targets.
Keep an eye. Should be interesting.
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.