Buy above 4710 for 15,40,70+++ Sell below 4667 for 15,40,70++ Can comment or ping me for query/live update All views for Educational purpose, Trade at your own risk
Buy above 4600 for 15,40,70+++ Sell below 4560-4570 for 15,40,70++ Can comment or ping me for query/live update All views for Educational purpose, Trade at your own risk
Dr Reddy's may drop tp 4431 by 31st Jul. May further drop to 4342 by 31st Jul if it breaks the first level. On the long side may touch 4650 by 3rd Aug if it continues it's uptrend.
Buy above 4667 for 15,40,70+++ Sell below 4630 for 15,40,70++ Can comment or ping me for query/live update All views for Educational purpose, Trade at your own risk
Buy above 4550 for 15,40,70+++ Sell below 4480 for 15,40,70++ Can comment or ping me for query/live update All views for Educational purpose, Trade at your own risk
Buy above 4550 for 15,40,70+++ Sell below 4480 for 15,40,70++ Can comment or ping me for query/live update All views for Educational purpose, Trade at your own risk
Ascending triangle or a bullish triangular wave structure breakout. Buy on any dip near 4200 for a target of 4650-4700.
FOLLOW
Dr Reddy has broken out of a flat base. Some supply overhang is noted and also below 50 and shorter moving averages but above 200 MA. Today was earnings. No FOMO. Will wait for a couple of days for price to settle down.
Dr Reddy is likely to enter resistance zone 4275-4380 where last time distribution had happened. Indicators are pointing fatigue in the upmoment. Consolidation has happened and breakout will sound like an up momentum. Volume is average in upmove. I will observed what happened in the zone . So wait and watch.
Monthly, weekly and daily charts present a clear bullish trend while forming the Inverse Head and shoulder pattern. Lately the stock showed a good upmove with a long candle breaching the monthly resistance and reaching 4300 level. Entry can be made for a Long position at current price: 4300-4320, with target of 4750, and SL of 3900.
NSE:DRREDDY AS it form ascending triangle pattern wait for break out and go for long.
Buy above 3085 for 15,40,70+++ Sell below 3040-3050 for 15,40,70++ Can comment or ping me for any query All views for Educational purpose, Trade at your own risk
Disclaimer: All charts are purely for educational and information purpose only. Invest or Trade at your own risk.
DRREDDY 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.
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