Sell on rise around 4450-4500 sl 4605 daily closing basis for target of 3965 Disc : it's not an investment advice to buy or sell
Buy above 4400 for 15,40,70+++ Sell below 4355 for 15,40,70+++ Can comment or ping me for any query or live updates All views for Educational purpose, Trade at your own risk
DrReddy has broken a year long trendline. Let's see how big the fall would be. I honestly don't know, though expecting big downfall.
We shared this idea in the starting of Feb and asked to short this stock near 5000 levels, It made a high of 4900 odd levels and now trading near our first target. Here is the chart we shared. To motivate me, Please like the idea If you agree with the analysis. Happy Trading! InvestPro India Team
Dr. Reddy has created a double bottom pattern. The risk to reward ratio is highly favorable here. Volumes are increasing slowly with the price which is a positive sign. All levels are mentioned on the chart. For educational purposes only.
Strongest Support Area 4375-4435 Hold of this level Possible Minor resistance upside
Good to enter long in DRREDDY as Break-out is seen in the stock above trendline along with good volumes. One can go long at current levels of around 4560 for a target of 150 pts from here or around 4710 levels with sl around 4420 levels.
Scrip Name - Dr reddy Labs ~~~~~~~~~~~~~~ ~~~~~~~~~~~~~~ Techincal Analysis: 1. Formed double bottom at the important support. 2. Decisive breakout from the trend line resistance. 3. My small understanding towards market structure and price action. ---------------------------------- How to trade: 1. Buy at dips if risk reward is favorable with Stop loss...
Double Bottom with Bullish Divergence Target till the next resistance
Sell with sl of 4730 for target of 4160-4040. Can sell call of 4700-4800 SP. Disc : it's not an investment advice to buy or sell
DrReddy looks good for swing above the trendline. Watch out for coming sessions.
follow trade and invest at your own risk
Dr Reddy's: Buy the dips at 46XX zone for new ATH. SL 4560 sustain. Alternately, if keeps going up without consolidating around 46XX, short at 5000-5150 zone for new low. CMP 4800 no trade zone.
Its on its Good Support !! Nice time to Buy here. Accumulate for Lorg term.
The stock looks good to sell near 5000 with the SL of 5125 for the targets of 4850 and 4700. To motivate me, Please like the idea If you agree with the analysis. Happy Trading! InvestPro India Team