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Published on 29/03/2019 4:42:41 PM | Source: Choice Broking Pvt Ltd

Option Strategy Dr. Reddy's Laboratories Ltd by Choice Broking

Posted in Broking Firm Views - Short Term Report| #Dr. Reddy's Laboratories Ltd #Pharma Sector #Trading Report #Choice Broking

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* On an option front, Long Built up has been taken place in “Out the Money” CE option which signifies bullish sentiments in the counter.

* On a daily chart, the stock is continuously trading above its 21 * 50 Days Moving Averages which indicate upside movement in the counter.

* A daily momentum indicator RSI reading is at 61.22 level with a positive crossover which points out for a positive breath in the stock.

* Based on the above Technical structure, we expect a bullish move in DRREDDY 2900CE


Buy Dr. Reddy's Laboratories Ltd @ Option Run Neeti  SL 26.00 TGT 71.00 CMP 41.00


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