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sujithzdiffrnt56

DRREDDY Clear breakout with a good retracement

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DR REDDYS LABS (NSE:DRREDDY)  
sujithzdiffrnt56  
NSE:DRREDDY   DR REDDYS LABS
Trend Analysis Support and Resistance Trend Lines
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trendanalysis supportandresistance trendline
DRREDDY broke out of the channel and had a clear breakout which is supported by a good retracement at 5117 levels and is poised for a clear up movement.
One can place a low risk high profit trading strategy with a target close to its all time highs and a SL just below the support at 5082 levels.
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