DR REDDY | LONG | WEAK REVERSAL | BTSTDR. REDDY S LABORATORIESNSE:DRREDDYSky_TracerDR REDDY is showing signs of a weak Reversal. This is just profit booking in process of the short positions. The overall trend still remains Bearish. We can anticipate a price rally towards 1187 price level. However, the sell off is expected to continue in the coming weeks. I anticipate the stock to correct towards 1080 price level in the near short term.