DRREDDY
DR REDDY LOOK OUT FOR THESE LEVELS!!! ALL THE LEVELS ARE MARKED ON CHART, RED ZONES DENOTES SUPPLY ZONES AND GREEN IS FOR DEMAND ZONE .
STOCK HAS EARLIER TAKEN SUPPORT FROM 50 DAILY EMA BUT IT WAS NOT ABLE TO MAKE HIGHER HIGH
The indicator used:
1) Daily Lines plots Daily 20 & 50 EMA 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 LongBuy after 1 week. let the price correct bit more buy 2 or 3%.
Buy @ 4850
with target of 25% return in a month or two month.
Reason:
1. Support at 50 EMA
2. Trendline support (Demand zone)
3. Results are better than expected.
#DRREDDY bullish triangle to bearish rectangleDRREDDY's triangle setup shown earlier triggered its stop levels and now has shaped up to be a rectangle that has broken on the downside. Expect a downmove towards 4770 which is the normal target out of a rectangle. support and caution can be expected at 4845 which is the gap support
DRREDDY HEADING NORTHDrrreddy is moving towards 5185, 5282, 5397. A pullback and a confirmation can be usefull to make a better R:R
Regards
DR REDDY LOOK OUT FOR THESE LEVELS!!! - UPDATEDALL THE LEVELS ARE MARKED ON CHART;
PRICE BROKE ALL THE LEVELS WITH GOOD VOLUME
BUYING CAN BE EXPECTED AROUND 4860-4875 LEVEL
The indicator used:
1) Daily Lines plots Daily 20 EMA on lower time frame charts
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 LOOK OUT FOR THESE LEVELS!!! ALL THE LEVELS ARE MARKED ON CHART;
PRICE WAS STRUGGLING TO BREAK DAILY 20 EMA, IT HAS BROKEN IT WITH GOOD VOLUME
IT MIGHT COME BACK TO THE EMA FOR CONSOLIDATION.
The indicator used:
1) Daily Lines plots Daily 20 EMA on lower time frame charts
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!!
symmetrical triangle pattern in DRREDDY....Above 5260--5510-- and more
below 5056--5000--4810
i will prefer bullish trade as structure is bullish
sitting above all important moving average in daily timeframe
currently under consolidation phase
DRREDDY | Straight Flag Pattern Formation | Don't miss it straight FLAG PATTERN it can break either way so be cautious before taking the trade and don't be caught yourself in fake breakout
DON'T forget to check out my previous idea on Drreddy , it worked really well on 4 hrs time frame
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DR Reddy#drreddy looks weak, seems a pull bac done and weak below 5060... below 5000 levels seems a free fall...
DR Reddy#DRREDDY we can call it an Evening Star or Breakout and Pull Back..
We can enter as per the next candle formation in first half of market tomorrow.
#DRREDDY Triangle almost ending - Sharp rally should followDRREDDY should complete its Wave 4 triangle in the next few hours and head a few hunder point up to 5600 area. Watch the risk level for managing risk if entering. A good Risk Reward trade.
DRREDDY - Flag and Pennant patternNote: This is for educational purpose only.
There seems to be a bullish flag and pennant pattern. RSI is above 60 indicates bullish momentum.
