Dr Reddy's LabAfter giving a Cup & Handle breakout in daily time frame its consolidating around the neckline area 2840-2800. Upside opens for 2950. View would negate below 2780.
DRREDDY
DRREDDY (Dr.Reddy's Laboratories Ltd) BUY ABOVE 2730DRREDDY (Dr.Reddy's Laboratories Ltd) BUY ABOVE 2730
DRREDDY (Dr.Reddy's Laboratories Ltd) SELL BELOW 2700DRREDDY (Dr.Reddy's Laboratories Ltd) SELL BELOW 2700
DR. Reddy Trend & Trade Setup !!TREND ANALYSIS
TRADE SETUP
Follow Chart Instruction.
Do not be Hurry for entry.
Wait for Proper Entry Setup.
Buy/Sell with Best Risk Reward.
Educational Chart Only.
You can Comment and ask the TREND ANALYSIS of any STOCK/SCRIPT/INDEX/FOREX.
Wait for entry setup, if available then Long/short.
Risk Reward is more then 5-8
DRREDDY 60 min ChartBroke above resistance area and looks like tested the level & the 50 SMA. Look for long opportunity. Trade with strict SL as this stock frequently shows long wicks.
DRREDDY 1) DRREDDY IS LOOKING WEEK FOR BEARISH ENGULFING AND INDICATOR IS ALSO SHOWING THE BULLS ARE LOOSING GROUND TO THE BEARS.
2) 2726 IS THE CRUCIAL SUPPORT LABEL IF BROKEN THEN IT MAY FALL 2634
"Dr Reddy " Bullish View Bull-markets are born on pessimism, grow on skepticism, mature on optimism and die on euphoria.
Haribol !
The stock had entered into the zone from which it had rebounded in the past.
If you search the news on 15th Feb 2019...the entire world was pessimistic about the Dr Reddys's.
The FDA was raising issue on the one of the most important manufacturing plants of the company.
The stock fell 30% and Recovered 26% ....All on the same day ?... who would be buying ..The entire world was wondering.
The Price came near the same zone twice and bounced back almost immediately.
Now it has broken a strong downward shaping trend line confirming what was obvious.
I am forecasting that the price should reach near 2875 in the next few weeks.
With the innovative business model and low cost drug market expanding worlwide..Dr Reddys is set for the moon.
Good Luck
Happy Investing
DR REDDY LOOKING BEARISH GO SHORTOn assuming the chart of Dr Reddy, it shows the Head & Shoulder Breakdown, one may go short with a SL of 2575 for a target of 2060 as per my projection.
Dr Reddy Lab - Down Trend on Long Term - Price move 2492 -->1820Dr Reddy Lab Limited is in downtrend in both long and short term; Good Choice to short it. I marked the Price movement in the chart.
Target 1: 2214
Target 1 Date: 24th Sep, 2019
Target 2 : 2465
Target 2 Date : 26th Nov, 2019
Target 3 : 1820
Target 3 Date : 13th Apr, 2020
DrReddy trading in channelSupport at 2550
Resistance at 2750
Tail near upper and lower channel will be a Sell/Buy opportunity
DRREDDYDRREDDY BASED UPON 1:2, 1:3,1:7 Risk Reward
POSITIONAL
BELOW 2590 TGT 3% 5% 10% SL 1.5%
INTRADAY
BELOW 2590 TGT 1% 2% 3% SL 0.5%
POSITIONAL
ABIVE 2621 TGT 3% 5% 10% SL 1.5%
INTRADAY
BELOW 2621 TGT 1% 2% 3% SL 0.5%
BUY DRREDDY FuturesBUY DRREDDY FUTURES
Buy Around 2885,
SL 2785
LOT SIZE 250.
Target is LONG so have Fun !! :D
buy DRREDDY above 2710.65 | Trade NiveshBuy DRREDDY Above 2710.65 this is stock is bullish in Pharma Sector
DRREDDY good RR short setup - Pharma Panic Target : 2710
Sell Below : 2787
Stop loss : 2840
After panic in pharma sector today , more selling can be seen tomorrow .
DRREDDY has broken from a support and has formed an inside doji on hourly. Can sell below 2787 for targets of 2787 in coming days.
Can sell on rise as long as doesnt go over 2850 .
Follow me on twitter @piyushrawtani for live ideas and other market stuff .
