Text me if you have any questions/comments for me.
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RDY
- First time doing a written analysis on RDY
- Currently trading near all-time high regions
- Uptrend started to form since end-March 2021
- Stock is outperforming the market -> Recent market downtrend has not affected the stock
- Current test of the short-term support looks to provide another opportunity for entry
- A successful rebound look to be around 3.50 levels
- R is less than 10%
- Strategy-to-buy (DYOR) – Suggest waiting for a successful rebound before plotting entry
-----
RDY
- First time doing a written analysis on RDY
- Currently trading near all-time high regions
- Uptrend started to form since end-March 2021
- Stock is outperforming the market -> Recent market downtrend has not affected the stock
- Current test of the short-term support looks to provide another opportunity for entry
- A successful rebound look to be around 3.50 levels
- R is less than 10%
- Strategy-to-buy (DYOR) – Suggest waiting for a successful rebound before plotting entry