DR Reddy Live Short term trade

DR Reddy Futures

Looking for  Short term shorting opportunity in this stock, will book my profit when it nears 5 day EMA.

Reason

1. Closed above Upper bandwidth of Bollinger band

2. ADX < 20

*Odds favoring trade

1. candle stick bars: Long tail head formation at  the peak today.

*Odds against trade

1. DRL launches generic  cancer drug in US market
2. launch of Decitabine for Injection (50mg) a therapeutic equivalent generic version of Dacogen (Decitabine for Injection) in the US.