DRREDDY
Long Opportunities in DR REDDY - 23 DEC 2020If opens out of yesterdays range look for buying opportunities when it takes support at buy zone 1.
If opens within yesterdays range look for buying opportunities when it takes support at buy zone 2 and Buy zone 3.
Drreddy in Uptrend ChannelDrreddy Is in a Uptrend channel.4h time frame.It is a very high volatile stock.But very good for intraday as well as long term.Trade with your own Risk.Good luck all.
DR REDDY LOOK OUT FOR THESE LEVELS!!! - UPDATED
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The analysis is my POV, hope you got bucks in your pocket to consult a financial advisor before investing :P :)
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Natco Pharm : triangle breakout, good buy above 995Natco pharm gave breakout from triangle pattern on 07 Dec 2012
A good buy above 995 is recommended wsl 950 for the first target of 1051
Keep trailing SL if starts coming in our direction
DR REDDY LOOK OUT FOR THESE LEVELS!!! ALL THE LEVELS AND PATTERNS ARE MARKED ON CHART, RED ZONES DENOTES SUPPLY ZONES AND GREEN IS FOR DEMAND ZONE .
GAVE A BREAK OUT FROM TRIANGLE AND RE TESTED THE SAME TRENDLINE TO BOUNCE BACK. BUY AT 4980; 4980-4960 IS A HUGE SUPPORT LEVEL AND PRICE HAS ALREADY RETESTED THE LEVEL.
The indicator used:
1) Daily Lines plots Daily 20 (BLACK) & 50 EMA (GREY) on lower time frame charts
2) TE-REKAB
- PB : PULLBACK
If you like the analysis, do leave a like and follow for more such content coming up.
The analysis is my POV, hope you got bucks in your pocket to consult a financial advisor before investing :P :)
HAPPY TRADING!!!
Dr. Reddy's News Driven Breakout All Set for 5200+ in Short TermTechnical Breakout today on the Charts + News Driven Trigger of the Sputnik V Vaccine today. What else is needed in the Setup?
- 5200 might as well be achieved this week i.e. November expiry, quite a high chance
In addition to Nifty Pharma index is also in Bullish mode, Expecting Dr. Reddy's to see New ATHs soon too!
DrReddy - Last chance to buy before another runDrReddy is getting support at 0.618 fib level and the traded volume is also decreasing. In 1-2 days we may see a spike in volume and which will start another bull run. It is also forming a Flag and Pole pattern. If Flag and Pole breakout happens than Target is 5900++ in coming weeks.
heading 6200 ++I am looking for levels of 6200 + in DRL. 4000 on daily closing basis is my SL . 4500-4550 is the level to enter in stock.
Disc : It's not an investment advise to buy or sell
Breakout from falling Wedge Pattern in Dr ReddyThere is a breakout from falling wedge pattern in Dr Reddy on hourly chart today. Volumes of 3X (Compared to 10 day EMA) were seen on the breakout candle.
After the breakout, Dr Reddy is now coming back to test the trend line.
If we observe the daily chart bulls ahas made an attempt on 19/11/2020 for breakout but was unsuccessful. Today bulls were successful in taking the prices higher.
We can initiate buy between 4810-4830 and targets would be 4999/5080/5200.
SL would be very small i.e. below the low of breakout candle i.e. 4770.
Risk/Reward will be pretty good around 2.7 if trade works out.
once agains after failing twiceDrreddy give decent bounce from support and forming bullish wedge. good to get in here again
DRREDDY Levels for 23-NOV-20(Intraday) Buy above 4690 for 15,40,70++
Sell below 4655 for 15,40,70++
Can comment or ping me for any query
All views for Educational purpose, Trade at your own risk
