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DRREDDY - Inverse Head & Shoulders

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DR REDDYS LABS (NSE:DRREDDY)  
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NSE:DRREDDY   DR REDDYS LABS
Trend Analysis Chart Patterns Technical Indicators DRREDDY drreddyanalysis drreddylaboratories drreddys drreddytrend drreadylab
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Note: This is for educational purpose only. Please do not trade in F&O based on this analysis.

There seems to be formation of Inverse Head & Shoulders. If the neck line is broken, we can initiate a buy in cash. RSI above 65 indicates bullish momentum. Moreover, the stock has more relative strength as compared to Nifty 50.

SL: ₹4825
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