What do you think about DR Reddy, its skyrocketing feeling FOMO

What do you think about DR Reddy, its skyrocketing, feeling a bit of FOMO. Look at its charts.

Technical analysis suggests it is heading toward a strong resistance and not a great place to get in, in fact, if you wanna play a swing, there could be good shorting setup with decent risk to reward opportunity.

If you see it as an investment opportunity, I think its a bit overvalued as of now and you can get it for cheap. To do some fundamental analysis of the company you check this.

I hope it helps, though I think there are many other better companies.

Best of luck :slightly_smiling_face: :+1: :+1: