Technical View
➡ Ascending trend line providing strong support
➡ Retrace from demand zone near 1150
➡ Next resistance at 1247
➡ Bullish breakout possible above 1192
➡ RSI at 52, indicating neutral momentum
NSE:DRREDDY
This stock is fundamentally at ALL TIME HIGH but its PE at the lower band......
stock taking support of the major trendline (RED)
if it breaks 4615 level in WEEKLY TIMEFRAME with strong volume, then it can show a massive rally.
this is all for educational purpose, not a stock recommendation for trading.
invest at your own risk.
