Dr. Reddy's Laboratories Ltd. is an interesting stock to keep on radar
1. RSI on all time frames above 60
2. High Trade and Delivery Quantity during week
3. Increasing relative Strength - Bench Mark index
4. Increasing relative Strength - Sectoral index
5. 20 SMA Crossing 50 SMA from below recently
6. Stock outperforming sectoral index both 1 week and 3 months
7. Big Green Marubozu Candle with high volume on weekly chart
8. Price walking on Upper Bollinger band on daily chart
9. Price crossed above 20 Week SMA during last week
Major Support 6000-6130 zone Next Resistances near 6500 - 6853 zone
Keep on Radar and Lets See How it evolves
Caution : Pharma Shares are subject to volatility on unexpected US FDA restrictions and observations
Disclaimer: NOT A BUY / SELL RECOMMENDATION I am not an expert I just share interesting charts here for educational purpose and not to be taken as buy/sell recommendation. Please seek expert opinion before investing and trading as trading/ investing in market is subject to market risks. I do not hold any position in the stock as on date but I may look to buy on dips with my own Risk Reward matrix.
1. RSI on all time frames above 60
2. High Trade and Delivery Quantity during week
3. Increasing relative Strength - Bench Mark index
4. Increasing relative Strength - Sectoral index
5. 20 SMA Crossing 50 SMA from below recently
6. Stock outperforming sectoral index both 1 week and 3 months
7. Big Green Marubozu Candle with high volume on weekly chart
8. Price walking on Upper Bollinger band on daily chart
9. Price crossed above 20 Week SMA during last week
Major Support 6000-6130 zone Next Resistances near 6500 - 6853 zone
Keep on Radar and Lets See How it evolves
Caution : Pharma Shares are subject to volatility on unexpected US FDA restrictions and observations
Disclaimer: NOT A BUY / SELL RECOMMENDATION I am not an expert I just share interesting charts here for educational purpose and not to be taken as buy/sell recommendation. Please seek expert opinion before investing and trading as trading/ investing in market is subject to market risks. I do not hold any position in the stock as on date but I may look to buy on dips with my own Risk Reward matrix.