DRREDDY - 10th June 2022Stock finding Resistance between 4500-4300 Levels.
Bears can dominate as long as these levels hold and try to push prices lower
DRREDDY
SIMPLE PRICE ACTION IN DR REDDYS LABS.NSE:DRREDDY
Taking support at major up trendline.
A double bottom pattern is been forming in DR REDDY LABS, And at the Neckline zone, there is downtrend resistance 4480.
If the daily candle closes above 4480, enter at the high of the candle.
trendline breakout and double bottombuy above 4410 in intraday or swing trade
stoploss for swing trade daily candle close below 44250
For stoploss in Intraday use 5 minute chart and see nearest support.
for target use 5 min chart and fibonacci pivots as i don't keep predefined target.
try to book partially and trail.
Note: this is not a prediction for LONG/SHORT, trade will trigger only on given level as per technical analysis
NOTE: For Gapup or bo before 9:20
If gapup is more than 1% from bo level than avoid completely.
if less than 1% or gives bo before 9:20 than wait for
first 5 minute candle and entry above 5 minute candle
and revised SL below candle Low.
CIPLA descending Triangle !!NSE:CIPLA
#CIPLA Descending triangle, levels marked on chart for practice.
Happy LEarning !!
Dr Reddy Technical Analysis Hello Guys , Today I Have The Technical Chart of Dr Reddy it is in the Double Bottom from a few days ago but now I think it will go Up because it has made a bullish signal after a very long Bear trend and now lets talk about the target . So its target could be 5203 . BTW It is Based on your Risk To trade on it or not and Don't Forget to Like the Idea and Follow The Channel for Regular Updates and Regular Ideas and also Now i am again Going To Make Regular ideas Bye-Bye .
Time Frame :- 1 hour
Patterns Name :- Double Bottom
Stock Name :- Dr Reddy
Based on Your Own Risk this is only to Show you the Current Pattern .
We are not responsible for any profit or loss .
DRREDDY - 23rd May 2022Stock bouncing Off Supports of 3800-3600.
Break of Trendline on Weekly Closing Basis can result in Uptrending Moves
LUPIN in Range BONSE:LUPIN
#LUPIN trading in range since 2 trading sessions, adding to that on a Higher time trading @ major support level and 1% down may give more fall.
Sustainability may give good upside move, both side levels marked on chart.
Happy LEarning !!
CIPLA Range/Channel BONSE:CIPLA
#NSE:CIPLA trading in a range and give good BO,
Post Sustainability, high chances for momentum.
Happy LEarning !!
LUPIN Ascending triangle !!NSE:LUPIN
#NSE:LUPIN formed beautiful ascending triangle, levels marked for practice.
Happy LEarning !!
#StockMarket #StockIdeas #StocktoWatch #StockToBuy #positionalDRREDDY
Stock Trading at resistance level & near its trend line to break.
Good support at Fib level also.
Buy small chunks at CMP and rest above 4515 levels
Keep positional targets of min 5% and trail SL upto 4862 levels.
Keep Mid term views for targets
----
Note:
Above levels are for education purposes only
Do your own analysis before taking any trade
Please Like & Follow
Grab Dr. Reddy in the range 4410 to 4430 for targets 4500/4600Dr. Reddy is looking attractive for targets 4500/ 4600, there is a genuine breakout as per open interest study.
dr reddy11/4 educational purpose only
this could be a jackpot trade
buy on dips around 4372.60 (20ema/hourly)
sl below 4338.35 (50ema/hourly)
targets around 4575 / 4675
DR Reddy - Inverse Head and Shoulder NSE:DRREDDY
Watchout for breakout from inverse head and shoulder pattern. Upon breakout 5000 is achievable.
NOT A RECOMMENDATION. JUST FOR EDUCATION. Thanks.
DR REDDY#DRREDDY
Free fall is being witnessed in this counter so far & has been a dragger like many other pharma counters
Historically, it retraces arnd 60-62% frm its highs b4 stabilising
3300-3400 is that range where it cn tk support for fresh upmove if it does not stabilize here around 3650 levels.
#nifty50 #investingfacts
Dr. Reddy form Inverse H&S pattern Dr. Reddy form Inverse H&S pattern. It can long if come 4150-4210 or if it close above it's neck line 4400 for target 4750 and 4900 in upcoming month.
DRREDDY Supply/Resistance ZoneDrreddy is in the supply zone. Looks like it is difficult that it will sustain at this level.
Drreddyhigh : 07/07/2021 : 5,614.60
low : 18/02/2019 : 1,872.95
75 % : 4679.18
50% : 3743.77
25% : 2808.36
dr reddy expecting 1000+ fallAs we can see the stock is moving according to harmonic pattern and falling from point c as expected. Now i am expecting 1113 rupees fall in this stock so the best price ever possible to buy for investment is at 3754 , so keep an eye on this price and have patience. Candle close above point c will make the pattern invalid
Note: stock may bounce from 4467 also so watch price action at this level also.
good luck
Please like & share ideas if you find them useful as it takes much efforts to learn technical analysis and our 99% Harmonic pattern go well if you go through all previous ideas posted on trading view
