Text me if you have any questions/comments for me.
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RDY
- Previous analysis was done on 26 Oct (red arrow) -> suggested waiting for a retracement and a successful rebound
- Since then, the stock did not have a strong retracement but instead has broken through the psychological resistance at $4 levels
- On 12 Oct (blue arrow), I also suggested entry at 3.50 levels which has seen the stock increase almost 20% since
- Price is currently too far from the short-term support
- R is more than 10%
- Strategy-to-buy (DYOR) – Suggest waiting for a retracement and successful rebound
-----
RDY
- Previous analysis was done on 26 Oct (red arrow) -> suggested waiting for a retracement and a successful rebound
- Since then, the stock did not have a strong retracement but instead has broken through the psychological resistance at $4 levels
- On 12 Oct (blue arrow), I also suggested entry at 3.50 levels which has seen the stock increase almost 20% since
- Price is currently too far from the short-term support
- R is more than 10%
- Strategy-to-buy (DYOR) – Suggest waiting for a retracement and successful rebound