#DRREDDYTwo full weeks of compression
Burst is activated and shall confirm above 5215
In HTF and LTF Momentum
Bias Upside
DRREDDY
DrREDDYENTRY TARGET SL Mention in the chart.
ALWAYS TAKE TRADE WITH CONFIRMATION
Note : Trading in any financial market is very risky. I post ideas for educational purpose only. It is not financial advice. Do not hold us responsible for any potential loss you may incur. Please consult your financial adviser before trading.
Hanging ManA hanging man candlestick occurs during an uptrend and warns that prices may start falling. The candle is composed of a small real body, a long lower shadow, and little or no upper shadow. The hanging man shows that selling interest is starting to increase. In order for the pattern to be valid, the candle following the hanging man must see the price of the asset decline.
Script = Dr Reddy
Time Frame = 1 Day
DRREDDY For 12%(approx..) Gain DR REDDYS LABS making a symmetrical triangle breakout and may give a profit of 12% and above.
One can wait for Volume as well as weekly closing on chart
CMP : 4650
TG : 5200
SL : Below 20 EMA
Disclaimer : It is my personal view as a trader and for educational purpose only. Equity market involves risk . Please consult your financial adviser before taking any decision.
DR REDDY - Sideways to bearishStock is in ongoing impulse on a major timeframe.
In the short term, it is in an ongoing correction.
In the very short term, the Stock is in the B wave, a breakdown of the recent swing low with good volumes can ensure start of the C wave.
A negative divergence of RSI can be observed in the recent upmove.
Due to Ongoing Flat correction(3-3-5), the rule of equality will hold for A=C. The length of C downward will be at least the length of A.
DRREDDY - Buy on BreakoutBuy on Flag Breakout on 15m
Entry - on Flag Breakout
SL - 4440
Tgt - 4544
Disclaimer - I am not sebi register analysis
Shooting Star A shooting star occurs after an advance and indicates the price could start falling.
The formation is bearish because the price tried to rise significantly during the day, but then the sellers took over and pushed the price back down toward the open.
Traders typically wait to see what the next candle (period) does following a shooting star . If the price declines during the next period they may sell or short.
If the price rises after a shooting star , the formation may have been a false signal or the candle is marking a potential resistance area around the price range of the candle.
Script = DR Reddy
Time Frame = 1 Day
Dr Reddy Box BO and EMA CrossoverDr Reddy CMP 4763. Chart is showing similar formation as happened in 2019. Showing very good BO of box and EMA cross over. In 2019 stock just doubled from the BO level. One can expect ateast 50% upside from here. For investors the SL is deep at 4200 on closing basis.
Dr. Reddy Bulls are BackDR Reddy After multiple testing Levels it has Broken the range
Can Go long
READY BULLS
DRREDDYThe chart presented here is intended for observational purposes only. What is your analysis and prediction for the future trend of DRREDDY?
Nifty Pharma Near Make-or-Break Zone 11200-11400 Nifty Pharma Near Make-or-Break Zone 11200/11400
Nifty Pharma on Long Term Charts nearing make or break zone
Reversal from here will be good opportunity for long term traders / investors
Sun Pharma Swing TradeSun Pharma is near Support Zone on daily chart. It is Good Opportunity to take Swing Trade
Entry
We can go long on next candle open.
Target
We can keep target near the next resistance zone as marked on chart.
Stoploss
We can keep the stoploss below the support zone.
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DRREDDY INTO BEARS WARD ???!!!!Chart pattern depicts the situation clearly
REASONS
1. DRREDDY has been trading in an Ascending channel respecting the levels perfectly .
2. In Monthly timeframe, DRREDDY has given a Breakdown out of the 5 Year old trendline Support (White coloured)
3. Now, it is going through a Downswing(Descending Channel) inside the Ascending channel
4. Right now in Daily timeframe, it is Consolidating tightly in form of a Rounding Top .
5. Target & SL levels mentioned @ chart.
Safer SL - Day close above 4500
Let's wait and watch how it moves!!!!
Note - Just Sharing my view....not a tip nor advice!!!
DRREDDY inside an Inverted Cup & Handle ??!!!Chart patterns look good for a short trade
Reasons(all with respect to 1 hr time frame)
1. Drreddy has been travelling in an ascending channel pattern
2. Recently it broke out of the channel pattern with volume support
3. Inverted Cup & Handle pattern too looks perfect
4. Entry can be made after 1 hr breakdown out of the yellow trendline.
5. Target & Sl mentioned as dashed horizontal lines.
Let's wait & watch , how it is going to move!!!
NOTE - Just sharing my view....not a tip nor advice!!!!
DR REDDY Ready to blast Dr reddy ready to Fly Good Trendline Support Weekly chart Rsi is also Looking good
Drreddy longDrreddy long
Expecting upmove in near term 4900 range.
Move down from there up for 5450 - 6100 if good volume received.
No recommendations, just my view based on chart.
BreakoutA breakout is when the price moves above a resistance level or moves below a support level .
Breakouts can be subjective since not all traders will recognize or use the same support and resistance levels.
Breakouts provide possible trading opportunities. A breakout to the upside signals traders to possible get long or cover short positions. A breakout to the downside signals traders to possibly get short or to sell long positions.
Breakouts with relatively high volume show conviction and interest, and therefore the price is more likely to continue moving in the breakout direction.
Breakouts on low relative volume are more prone to failure, so the price is less likely to trend in the breakout direction.
Script= Dr Reddy
Time Frame = 1 Day
DRREDDYKey highlights: 💡⚡
✅On 1D Time Frame Stock Showing Breakout of Channel pattern .
✅ Strong bullish Candlestick Form on this timeframe.
✅ Buy above 4400
✅It can give movement up to the Breakout target of 4800.
✅Can Go long in this stock by placing a stop loss above 4310.
✅ breakout this can give risk:reward upto 10 %+
DR REDDY LAB CHART ANALYSISDr.Reddy Lab showing at 4380 is Major Resistance where we can clearly see Long Long Wicks and rejecting the price from same level
At the same time we get Trendline Support and formed Ascending Tringle Chart Pattern.
In coming session we can see such big rally either side of breakout or breakdown.
KEEP AN EYE ON IT….!!!!
Head and Shoulder -A head and shoulders pattern is a technical indicator with a chart pattern of three peaks, where the outer two are close in height, and the middle is the highest.
-A head and shoulders pattern—considered one of the most reliable trend reversal patterns—is a chart formation that predicts a bullish-to-bearish trend reversal.
-An inverse head and shoulders pattern predicts a bearish-to-bullish trend.
-The neckline rests at the support or resistance lines, depending on the pattern direction.
Script = DRREDDY
Time Frame = 15 min
#DRREDDYThree consecutive LH indicating a weakness
Further Overlap made on the downside makes it weak
