DR REDDY Trading SetupDisclaimer: All charts are purely for educational and information purpose only. Invest or Trade at your own risk.
DRREDDY
DRREDDYDRREDDY is consolidating in the rising channel. It looks to have taken support around the center line of a trend channel. Possibilities are more that the stock will touch the resistance around 4325. The stock can be bought @ CMP 4120 for target of 4300 with a stop below 4060.
Drreddy levels for 17-Jul-2020(Intraday)Buy above 4160 for 15,40,70+++
Sell below 4120 for 15,40,70+++
Any query on chart, can comment or ping.
*All views for Educational purpose, Trade at your own risk
DR REDDY LABS Trading SetupDisclaimer: All charts are purely for educational and information purpose only. Invest or Trade at your own risk.
Dr reddy , near .....!!!!Currently trading in parallel bullish channel , positionally can give good returns with the target of new wave !
RSI Bearish Divergence - Dr ReddyNote: This is for educational purpose only.
There is bearish RSI divergence in Dr Reddy. The price direction is contradicted by RSI direction. There might be some correction in price. Let's see.
DR REDDY Long BreakoutDRREDDY has formed a doji on daily timeframe candle with a small range.
This combined with the ascending triangular movement over the last week suggests it is ready to breakout.
NOTE: Trade with confirmation of momentum & volume on lower timeframes in intraday.
DR. REDDY LABS ANALYSIS Disclaimer: All charts are purely for educational and information purpose only. Invest or Trade at your own risk.
LONG POS. ON DRREDDY (NSE)!!!This analysis is only for educational purposes, Invest at your own risk!
The New 52 week high created by DRREDDY at the price 4,132.20 INR will serve as the resistance.
A Doji candle was seen on the 19th of May(yesterday) which on the next day (20th May)rose the price with an abnormal Volume.
The Market closed with a big green candle for DRREDDY, This opens a great long opportunity for traders buying in at price 3910-3915 INR.
The target should be kept just bellow the Resistance at 4,132.20INR i.e. around 4010-4050INR.
Any kind of criticism is highly appreciated !
CHEERS!
DRREDDY DARK CLOUD CANDLEBuy above 4135 sustained target 4310/4360 trail sl sl of 3940
Sell below 3900 sustained target 3750/3670 trail sl sl of 4135
*Educational purpose only
Dr Reddy Ascending Triangle Breakout Possible UpmoveExpecting a breakout on upside from these levels
DRREDDY CAN THIS FLAG BREAKOUT HAPPEN?DRREDDY is forming a pole and flag pattern on a daily basis with the price at upper end of the flag .The support as of now lies at 3610 .A close above the breakout range will give at least 15-20% return.Will update if i enter this trade.
CONDITIONAL INTRADAY TRADE IN DR REDDY MAY FUTCONDITIONAL INTRADAY TRADE IN DR REDDY MAY FUT
SHORT@3865
STOP@3921
TARGET@3781
QTY=500
!!please note trade with caution!!
!!manage your risk!!
!!trade-wise!!
!!please adjust for future rates!!
!!intra-day ideas series everday at between 9:30 to 10:30!!
