Short if it breaks 5110 , safe players short. Below 5085 or 5050. Big gap to be filled. Looks weak for me
Seems bullish for mentioned targets. Regards
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...
Buy 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'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
Previous resistance becoming support. Also good correction.
Drrreddy is moving towards 5185, 5282, 5397. A pullback and a confirmation can be usefull to make a better R:R Regards
ALL 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...
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...
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