Descending Triangle formation in Dr Reddy'sThis script is trading below 20 & 50 MA, with weakness and downtrend visible on the chart.
The script has also formed a descending triangle pattern.
A breakdown of this triangle may lead to a correction.
Entry and target levels are marked on the chart.
Stoploss is to be placed above the previous swing high.
NIFTY PHARMA INDEX is also weak.