DRREDDY
CNX Pharma1) CNX Pharma on verge of breaking 1 year trendline
2) Making higher highs andhigher lows since jun 6
3) currency depreciation and new launches in usa market will give support to bottomline
Mid term trade advisory for #drreddyIdeally i will wait to buy it from levels close to blue line.
Ref RSI needs to cool off
nifty pharma weekly chart STRUCTURE analysis nifty pharma was weak in the previous month while when market is setting record highs, this sector is silent as of now... as per chart it must be the one who may provide strength to nifty ! in the days to come !
IPCA for coming days !i would probably like to go long in the counter and still feel that a some sort of strength still left in the script ... keeping in mind that a tough tough resistance at range of 685 - 695 is diificult to break!
sl 637 - 640
tgt 685, 695, 734 +++
MyAlgo: xMRSI-Progresser: Intraday call: 26Jun-DRREDDY-ShortChoppy Market ahead. Trade cautiously.
Based on my "xMRSI-Progresser" predictive trading methodologies, its going to be a RED candle on 26-Jun-2018 for DRREDDY
Sell Below(5Min candle close): 2284.4 for targets -
T1: 2267.3
T2: 2257
T3: 2246.3
SL: 2302.7
Note: These calls are based on my own analysis. It may or may not work well for you.So please carefully consider whether it is suitable for you and please do your own research before attempting any. The profit/loss made by you due to this call, is solely your own responsibility. Thanks, All the best. Happy Trading. :-)
News Based Short - TGT-1:2300, TGT-2:2200, SL: 2375TGT-1:2300, TGT-2:2200, SL: 2375
$2 Bn Market Oppurtunity in Danger!
2400: High CE OI
2300: Highest addition in OI
Short Buildup possible in next session
My PredictiveEngine's Intraday call(29-May-18)-DRREDDY-LongBased on my PredictiveSystem's signals, its going to be a GREEN candle on 29-May-2018 for DRREDDY
Buy Above: 2000 for targets -
T1: 2015
T2: 2024
T3: 2033.4
SL: 1984
Note: These calls are based on my own analysis. It may or may not work well for you.So please carefully consider whether it is suitable for you and please do your own research before attempting any. The profit/loss made by you due to this call, is solely your own responsibility. Thanks, All the best. Happy Trading. :-)
My PredictiveEngine's Intraday call(25-May-18)-DRREDDY-LongBased on my PredictiveSystem's signals, its going to be a GREEN candle on 25-May-2018 for DRREDDY
Buy Above: 1977.9 for targets -
T1: 1992.7
T2: 2001.6
T3: 2010.9
SL: 1962.1
Note: These calls are based on my own analysis. It may or may not work well for you.So please carefully consider whether it is suitable for you and please do your own research before attempting any. The profit/loss made by you due to this call, is solely your own responsibility. Thanks, All the best. Happy Trading. :-)
My PredictiveEngine's Intraday call(22-May-18)-DRREDDY-ShortBased on my PredictiveSystem's signals, its going to be a RED candle on 22-May-2018 for DRREDDY
Sell Below: 1888.3 for targets -
T1: 1874.1
T2: 1865.6
T3: 1856.8
SL: 1903.4
Note: These calls are based on my own analysis. It may or may not work well for you.So please carefully consider whether it is suitable for you and please do your own research before attempting any. The profit/loss made by you due to this call, is solely your own responsibility. Thanks, All the best. Happy Trading. :-)
DRREDDY FallingIn a very similar to Nifty (I shared an idea on it just 4 hours back), there's an observation of Stochastic Triple Divergence in NSE:DRREDDY indicating a bear trend. A short position is recommended with a target of 2004(t1) & 1904(t2). A stoploss of 2100 is highly recommended. Selling range should be (2040-2070).
CIPLA looks good at this level !!cipla currently looks good at current level ,
my level
sl 580-577
target 598
605++
DRREDDY can test 1615 if closes below 1990 levelsDRREDDY is in the making of ABCD pattern. If it closes below 1990 in daily charts, chances are big for it to test 1615
DRREDDY'S - Trend line breakoutDRREDDY'S is at the trendline. Will it break the trendline and reverse its downward journey or will it continue its downward journey... only time will tell.
