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Dr Reddys labs free stock market tips and share market updated for 08th February 2016, Monday.



DR REDDYS LABS

Stock has formed head and shoulder pattern in daily chart, technical indicates trend will be mix with no clear direction as long as it holds in between its pattern.

Suggested reading - What is stock market.

Bull action can be seen once stock holds above its trend line resistance zone as shown in above image.

Stock also holding above 50 DMA this will favor bulls.

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