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DR REDDYS LABS can see some price fall once stock closes below 3057.


DR REDDYS LABS


  • Stock currently coming down from trend line resistance @ 3255, as long as trades below bears will be favored.
  • On down side stock will find trend line support @ 3057 once dr reddys closes and holds below 3057 then further price fall can be seen.
  • Stock also finding 100 DMA support @ 3057, trading below 100 DMA indicating weakness.
  • Even stock major trend indicator "MACD" is moving in -ve zone and below level zero, this will favor bears.
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What is Intraday Tips ?

Q. What is Intraday Tips / Inraday Trading / Delivery trading.

A. There are basically two types of trading on stock market--
1- Delivery
2- Intraday

Delivery trading is one in which shares are bought and can only be sold after they are delivered by the broker.that means that they cannot be sold the same day , and delivery takes two to three days after they are bought and then they are ready to be sold.

Intraday trading which takes place for that very particular day and there is no delivery..they can be bought and sold the same day...and are automatically sold at the end of the trading session if you have not sold it by yourself during the trading session. The person who suggest such types of forecast is called

Intraday Tips

.