DR REDDYS LABS Share Tips, Technical Analysis Chart, Intraday Stock Trading Graph Advice - Stock moving up from strong support zone , further strength expecting in Dr Reddys once it closes above 2852. (Updated On 19th August 2014).

DR REDDYS LABS

• DR REDDY LABS currently moving up from strong support around 2712 its 23.6% fibonacci retracement, chart indicates as long as stock holds above, it will be favored by bulls, but once stock closes and stays below 2712 then further weakness is expecting in dr reddys labs and stock can test its next support of 2640 its 38.2% fibonacci retracement as shown in graph no1.
• Intraday close watch if Dr reddys breaks 2712 , if stays below in day trading then intraday weakness is expecting.
• Suggested Reading - Arvind Limited moving in a up channel formation , stock to favor bulls.
• As per graph no2 stock is moving in a Up channel formation , as long as stock moves in its formation it will be favored by bulls , if stock comes out from its up formation on downside then sharp weakness is expecting.
• As per graph no3. stock is holding its 20 days moving average support, so trading above 20 DMA will favor bulls and if stock starts trading below 20 DMA then it will give first sign of weakness. Close Watch. Chart also indicates if Dr reddy closes above its current top of 2852 then stock will find next strong resistance around 2940, as shown in chart no 3.
• Intraday close watch if stock starts trading above 2852 in day trading , if holds above 2852 then intraday bulls action is expecing by Dr reddys labs.
• Click here to see all the free trading reports (tips) published by us on DR REDDYS LABS.
• Stock tips for tomorrow.