After seeing a strong breakout with lifetime high volumes in September, the stock was consolidating a bit for 3 months followed by a retracement in January. In Feb it took monthly support at 4380 and bounced back strongly. I personally expect this stock to outperform its peers in the upcoming months. High of Good volume candle is 5512. So my gut feeling is, it...
After breakout of 5500 we can expect a big move upside
The Price has been facing resisitance from 200 EMA . The structure is already provided for reference along with S&R LEVELS. Expecting 5240 The Indicator Used: 1) Daily Lines Plots Daily 20 (BLACK) & 50 EMA (GREY), BLUE (200 DAILY EMA ) On Lower Time Frame Charts. Not Activated. 2) Valuation band KEYS: Red Faded Cloud: Over Valuation. Grey Faded Cloud: Proper...
ooks good for a quick option. Take trade as per the values given in Fibonacci. always trail the stop loss. do your own analysis before taking trade Check these Upcoming ideas - STILL ACTIVE Check these successful trades & approach on Britannia , Mothersonsumi , DLF , Biocon , Daawat , Infosys , HBL power , HDFC life , Hind ZINC given below If you like my...
The stock has given an Inverted Head-N-Shoulder pattern breakout. After the consolidation of many days, the price moved ahead. RSI is indicating a continuation of the trend. We can Expect price movement up to 6600 in the near term.
Only For Education Purpose -- SELL DRREDDY ONLY Below 5447 >> Target 5402 Time Frame 2-3 Trading Days.
DRREDDY Buy - Above 5520 SL- 5330 Target 5940 6100 Note:- I am not SEBI registered . All Views and trade setups are my personal view and my personal trade setup. Do follow us Like Us Share with fellow traders Also check the below related ideas for other stocks.
Notes Been in a channel since August last year. The top level has been tested 4 times before the latest candle (11th June) Currently in the resistance zone since it closed above 5420 with decent volumes and candle strength. Hoping it will continue this momentum and close above 5505 to make fresh highs. Please note - Not a SEBI Registered...
Hello guys i had find this opportunity in 15m timeframe which have a strong resistant at 5500 and giving quick short entry in 15m timeframe we can short here by above sl and tg 1:2 RR and plzz do your own analysis before taking any decision thank you
Hello guys i had find this setup of drreddy in 4h timeframe.the reason behind this analysis is its is in uptrend and the pharma sector is also in uptrend and the scenario for pharma sector in this pandemic situation is look bullish also it is in breakout mode the big resistant is on 5500 we will not take immediate trade we will wait for breakout and some...
broken resistance of multiple confluence horizontal + trendline buy above 5510 For stoploss in Intraday use 5 minute chart and see nearest support. for target use 5 min chart and fibonacci pivots as i don't keep predefined target. try to book partially and trail. Note: this is not a prediction for LONG/SHORT, trade will trigger only on given level as per...
WAIT FOR ZONE TO BREAKOUT. AGGRESSIVE TRADER CAN ENTER AT RISING SPPORT LINE. REFER HOURLY tf FOT BETTER CLARITY
I will go LONG on DRREDDY because: The price is under Support/Resistance zone. It has touched the support and may reach the resistance zone . Target would be the Resistance area . Book profit when it reaches the resistance zone . Entry - 4426 Target - 5450 Stop loss - 4263
DRREDDY breaking out from 9-month consolidation, from falling trendline with rising volumes, RSI also breaking out also CNXPHARMA index breaking above all-time highs. Can expect immediate targets of 5800/6000.
Date: 13 June 2021 Flag Pattern in Dr Reddy's lab Approx. 50% upside in the stock in 1.3 Yrs.
Hi Everyone its a good pattern have to wait for the rejection then buy or sell it
Consolidation near the ATH and forming a triangle pattern when the company is dealing with Sputnik makes the price to break and move up. I am not used to listen to the news and trade accordingly but sometimes I confirm the break with the news.