DRREDDY

TTKPRESTIG
- After the market crash in March 2020, the stock began a steady upward movement and formed a Bullish Pennant pattern.
- After breaking out, the price surged and encountered resistance multiple times near the 5,550 level.
- Consequently, the stock price experienced a significant drop and entered a prolonged consolidation phase.
- During this phase, an Inverted Head & Shoulders pattern emerged on the chart.
- Most recently, a breakout has occurred, causing the stock to move higher.
TTKPRESTIG
- The stock price has developed a Head & Shoulder pattern on the weekly chart.
- After the pattern breakdown, the price underwent a significant consolidation period and created a Double Bottom pattern, suggesting a potential reversal in the trend.
- By breaking above the pattern's neckline, the price is now moving upwards with a substantial potential for gains.
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🎖️ SEBI registered INH300006582
🎖️ CMT(usa) & CFTe(usa) chartered
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🤝 Contact Us
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🌐 goodluckcapital.com
🎖️ SEBI registered INH300006582
🎖️ CMT(usa) & CFTe(usa) chartered
🎖️ NSE certified professionals
📈 Trading and Investment Advice
t.me/GoodluckCapital
🤝 Contact Us
bio.link/GoodluckCapital
🎖️ SEBI registered INH300006582
🎖️ CMT(usa) & CFTe(usa) chartered
🎖️ NSE certified professionals
📈 Trading and Investment Advice
t.me/GoodluckCapital
🤝 Contact Us
bio.link/GoodluckCapital
Related publications
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.