MTECHTIPS:- DR.REDDY:- DRREDDY closed above 1 week high with volume signals up breakoutCurrently DRREDDY is in HOLD LONG position Share is in sideways and sellers was at high so for short term better buy above 2369.7 or hold with stop at 2175.6 The next resistance will be at 2329.0 The DRREDDY is now trading is approaching overbought level. The oscillator is showing BUY signal .The short term buy signal is supported by 63 % indicators.
Intraday trend-Buy is advised only above 2369.7 with a stop at 2285 Below 2259.9 go for sell and put stop at 2344.5 The intraday signal is BUY and it is supported by 78 % indicators.