DRREDDY - Long
Updated
Grandfather, Father & Son Strategy
RSI above 60 for Grandfather (Monthly time-frame) & Father (Weekly time-frame)
RSI taking support on 40 for Son (Daily time-frame)
Support of Hammer on 20 March 2024 didn't break.
(Entry) Hammer Confirmation (Weekly) Above 6211
(Proper SL) SL will be low of hammer (Weekly) below 6034
(Lower SL) If the SL is too much you can use the SL of BeltHold Candlestick on Daily 28 March -- 6078
(Profit Level 1) 6342
(Profit Level 2) 6450
RSI above 60 for Grandfather (Monthly time-frame) & Father (Weekly time-frame)
RSI taking support on 40 for Son (Daily time-frame)
Support of Hammer on 20 March 2024 didn't break.
(Entry) Hammer Confirmation (Weekly) Above 6211
(Proper SL) SL will be low of hammer (Weekly) below 6034
(Lower SL) If the SL is too much you can use the SL of BeltHold Candlestick on Daily 28 March -- 6078
(Profit Level 1) 6342
(Profit Level 2) 6450
Note
SL HIT... I believe I should've put more tolerence in the trade...Fundamentally it still looks very good point to buy
Technically, it's still taking support at current level of (6000-6030)
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