Get started

DRREDDY

DR. REDDY Strong Candle FormationNSE:DRREDDY made a strong candle today Crossing Key Levels with volumes and closing above 100 DEMA. MACD Still Showing a BUY Signal, I have drawn support and resistance levels. If it breaks the resistance level it Will Cross ATM. Small Quantity can be added at the current Level for a Swing. 📌Thank you for exploring my idea! I hope you found it valuable. 🙏FLLOW for more 👍BOOST if useful ✍️COMMENT Below your views. Meanwhile, check out my other stock ideas below until this trade is activated. I would love your feedback. Disclaimer: This analysis is intended solely for informational and educational purposes and should not be interpreted as financial advice. It is advisable to consult a qualified financial advisor or conduct thorough research before making investment decisions.
NSE:DRREDDYLong
by Karanshah137
Natco Pharma for 45%+ gainsDate: 21 Nov’24 Symbol: NATCOPHARM Timeframe: Daily Natco Pharma currently seems to be in Wave IV of 3 which could end around 1240-1220 and Wave V could then head towards 1800-1900 levels (45%+ from where Wave IV would end) as seen in the chart. A more precise target can be pinned once it makes a fresh ATH. Two levels (1770 & 1900) have been marked as possible supply zone. The company recently posted good Q2 numbers. The stock is currently trading at a PE multiple of 12.6 while the industry average is around 32. This is not a prediction but a possible wave count. This is also not a recommendation to trade or invest. Please do your own analysis. HINGLISH VERSION Natco Pharma vartamaan mein 3 ke Wave IV mein hai, jo 1240-1220 ke aaspaas samaapt ho sakta hai aur Wave V phir 1800-1900 ke star (45%+ jahaan Wave IV samaapt hoga) kee taraf badh sakta hai, jaisa ki chart mein dekh sakte hain. Ek baar naya ATH banaane par adhik sateek target pin kiya ja sakta hai. Do staron (1770 aur 1900) ko sambhaavit supply zone ke roop mein mark kiya gaya hai. Company ne haal hee mein achhe Q2 ke numbers post kiye hain. Stock vartamaan mein 12.6 ke PE multiple par kaarobaar kar raha hai jabki industry ka average lagbhag 32 hai. Yah koee bhavishyavaanee nahin balki sambhaavit Wave count hai. Yah trade lene ya invest karne ki bhi salaah nahi hai. Kripya apana vishleshan svayan karen.
NSE:NATCOPHARMLong
by DhandhaPaani
Granules India for 35%+ gainsDate: 3 Oct’24 Stock: Granules Timeframe: Daily chart Granules India seems to have begun its up move in Wave V of 5 which could end around 810-820 (>35% from current price of 595) as seen in the chart. High volumes and strong reversal of RSI supports this stance. This is not a trade recommendation. Please do your own analysis. Aisa lagata hai ki Granules India ne 5 ke Wave V mein apni badhat shuroo kar dee hai, jo 810-820 (595 kee vartamaan keemat se 35%) ke aasapaas samaapt ho sakatee hai, jaisa ki chart mein dekh sakte hain. Achhi volume aur RSI ka majaboot ulataav is rukh ka samarthan karta hai. Yeh koi vyaapaar ki rai nahin hai. Kripya apna vishleshan khud karein.
NSE:GRANULESLong
by DhandhaPaani
2
Dr. Reddy's : Triangle Pattern Formation in Demand ZonesDr. Reddy's stock is currently forming a descending triangle pattern on the 2-hour, 4-hour, and daily demand Zones. This pattern and its positioning within demand zones are crucial for potential future movements. Key Observations: Triangle Pattern : The stock is creating a descending triangle pattern, characterized by a series of lower highs and a horizontal support level. This pattern often precedes a breakout or breakdown, depending on the direction of the price action. Demand Zones: The triangle pattern is developing within established demand zones on all three time frames. These zones are areas where buying interest has been strong in the past, which may influence the pattern's outcome on the upside. Implications: Potential Breakout : Watch for a breakout above the upper trendline signaling the start of a new trend. Support Levels: The demand zones within the triangle may act as crucial support levels. A bounce from these levels could lead to a trend reversal. Key Levels: Demand Zones: Daily: 4Hour: 2Hour: Pattern: Lets monitor the price action closely as the stock approaches the apex of the triangle pattern for potential trading opportunities when it breaks out
NSE:DRREDDYLong
by JS_Trading_Tradingmadesimple
Dr. Reddy's Laboratories Limited - Long Setup, Move is ON...#DRREDDY trading above Resistance of 5967 Next Resistance is at 6474 Support is at 5390 Here are previous charts: Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined. Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
NSE:DRREDDYLong
by MandeepSinghKohli
Bullish Breakout: Dr. Reddy's Laboratories Flag PatternDetails: Asset: Dr. Reddy's Laboratories Ltd (DRREDDY) Breakout Level: Above 6200 Potential Target: 6500 and beyond Stop Loss: Below breakout level or as per risk tolerance Timeframe: Short to medium-term Rationale: Dr. Reddy's Laboratories Ltd (DRREDDY) is showing signs of a potential breakout above the 6200 level, which is accompanied by a flag pattern formation. A breakout above this level could indicate a bullish sentiment shift and pave the way for further upside momentum, with a target potential of 6500 or higher. Market Analysis: Technical Breakout: Breaking out of the flag pattern above 6200 suggests a technical breakout, potentially attracting buying interest and driving the price higher. Market Sentiment: Positive market sentiment or company-specific factors may be contributing to the anticipated breakout in DRREDDY. Price Target: The target for DRREDDY is set at 6500 and beyond, based on the breakout from the flag pattern. Risk Management: Implementing a stop loss strategy below the breakout level is essential to manage risk in case of unexpected price reversals. Timeframe: The projected upside move for DRREDDY is based on a short to medium-term outlook, but actual timing may vary based on market dynamics. Risk-Reward Ratio: Consider individual risk tolerance and adjust position size accordingly to maintain a favorable risk-reward ratio. As with any investment opportunity, conduct thorough analysis and consider factors such as market trends, company fundamentals, and risk management strategies before making trading decisions.
NSE:DRREDDYLong
by CyborgTradingHub
DR Reddy: A bet for long and short termStock has given a long-term TL BO on weekly TF with Volumes Making Double bottom pattern & Inverted H&S Pattern in short term (2-3 Months) and round bottom in long term (12-15 Months) For long term investor: The SL should be 2150 with Target of 4000 (Round Bottom Target) however, for short term investor it may move up-to 2800 keeping SL below weekly Green Candle low. DISC: Only for educational purposes. Please consult your financial advisor before taking any trade.
NSE:LALPATHLABLong
by trade_opportunities
DRREDDY | Swing Trade📊 DETAILS Sector: Pharmaceuticals & Drugs Mkt Cap: 100,744 cr Dr. Reddy's Laboratories Ltd is a leading India-based pharamceutical company which offers a portfolio of products and services, including Active Pharmaceutical Ingredients (APIs), Custom Pharmaceutical services (CPS), generics, biosimilars and differentiated formulations. TTM PE : 19.27 (Low PE) Sector PE : 52.24 Beta : 0.54 📚 INSIGHTS Strong Performer Stock with consistent financial performance, quality management, and strong technical momentum indicating good investor enthusiasm. Currently valued at Good to expensive valuation 1.79% away from 52 week high Outperformer - Dr Reddys Laboratories up by 1.9% v/s NIFTY 50 up by 0.87% in last 1 month 📈 FINANCIALS Piotroski Score of 8/9 indicates Strong Financials Disclaimer: This analysis is for educational purposes only, and I'm not a SEBI registered analyst. If you found this analysis helpful, I encourage you to like and share it. Your observations and comments are also welcomed below. Your support, likes, follows, and comments motivate me to consistently share valuable insights with you. 🔍 More Analysis & Trade Setups 🔍 For more technical analysis and trade setups, make sure to follow me on TradingView: www.tradingview.com
NSE:DRREDDYLong
by Munish_Jain
Dr Reddy-A large cap investment multibagger!Dr Reddy has given a huge weekly breakout from Inverted head and shoulders pattern. This stock is a blind buy for investment considering the pharma rally expected for next few years. Add on dips is the best way to accumulate such investment stock. The company has one of the best fundamentals as of date. Stock is available at PE of 20 and PEG of 0.52. the return ratios are above 20%. This stock has to be part of your portfolio if you prefer investing in large cap stocks. I had seen such pattern in Tata motors when the stock was trading around 440 few months back and now stock has almost doubled from that price. We can expect similar move in this stock but at a slower rate.
NSE:DRREDDYLong
by chartistamey
DRREDDY | Investment Pick📊 DETAILS Sector: Pharmaceuticals & Drugs Mkt Cap: 90,938 cr Dr. Reddy's Laboratories Ltd is a leading India-based pharamceutical company which offers a portfolio of products and services, including Active Pharmaceutical Ingredients (APIs), Custom Pharmaceutical services (CPS), generics, biosimilars and differentiated formulations. TTM PE : 17.87 (Low PE) Sector PE : 45.28 Beta : 0.49 📚 INSIGHTS Strong Performer Stock with good financial performance alongside good to expensive valuation, but lacks price momentum as suggested by technical indicators 9.51% away from 52 week high Underperformer - Dr Reddys Laboratories down by -0.74% v/s NIFTY 50 down by -0.29% in last 1 month 📈 FINANCIALS Piotroski Score of 8/9 indicates Strong Financials Disclaimer: This analysis is for educational purposes only, and I'm not a SEBI registered analyst. If you found this analysis helpful, I encourage you to like and share it. Your observations and comments are also welcomed below. Your support, likes, follows, and comments motivate me to consistently share valuable insights with you. 🔍 More Analysis & Trade Setups 🔍 For more technical analysis and trade setups, make sure to follow me on TradingView: www.tradingview.com
NSE:DRREDDYLong
by Munish_Jain
My analysis on Dr Reddys chart ?From 20 trading sessions the price has been trading in a range of two important Fibonacci levels. Also the short-term and long-term ema's bands are flattened in the same range. So, currently there is no trend. For an uptrend the price has to breakout the level of 5700 and for a downtrend the price has to breakdown the level of 5400. For another confirmation of a trend after breakout or breakdown we have to check for the crossover of ema bands. Hit the like button!! Show some energy!! Disclaimer: This is my pre market analysis and my trading journal. Not a suggestion to buy or sell. This material is for education purposes only. Thanks S. Simranjit Singh Virdi
NSE:DRREDDY
by ssvirdi