DURING LAST TRADING SESSION DR REDDY'S STOCK FELL MORE THAN 14% ON ACCOUNT OF NEWS...!!!
WELL WE ARE NOT HERE TO DISCUSS SUCH THAT NEWS WE JUST WANT TO SAY IT WAS ALREADY DISCOUNTED ON CHARTS...!!!
YES YOU ARE READING IT CORRECT IT WAS ALREADY DISCOUNTED IN ADVANCE.
TO UNDERSTAND THAT IN BETTER WAY LETS FIRST SEE CHART WITH ALL PARAMETERS.
RED COLOURED PART IS SUPPLY ZONE (AS PER ONLINE TRADING ACADEMY'S CORE TRADING STRATEGY ~ IGNITE) ALSO DOUBLE TOP KIND OF SET UP BUT IF WE SEE THEN VOLUMES ARE DECLINING NEAR TO THAT DOUBLE TOP AREA.
FOR EASY UNDERSTANDING WE ARE POSTING DOUBLE TOP FORMATION ON HOURLY CHARTS. BELOW CHART SHALL MAKE PICTURE MORE CLEAR. PLEASE NOTE BELOW CHART IS PRIOR TO LAST TRADING SESSION.
NOW BELOW CHART IS WITH INCLUSION OF LAST TRADING SESSION.
IF YOU HAVE ANY QUERY/SUGGESTIONS ON THIS POST PLEASE LET US KNOW.
PLEASE NOTE THIS POST IS FOR EDUCATION ONLY AND SUCH MOVE MAY OR MAY NOT ACT IN SIMILAR WAY IN FUTURE IN THIS OR ANY OTHER STOCK OR INDEX OR ANY OTHER TRADING INSTRUMENT.
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