DRREDDY
Dr Reddy Lab at Crucial level of BODr Reddy Lab is at Level of Breaking Weekly trendline.
If break with Good Volume and candlestick strenght we could see another level of target upside.
#My view: Dr Reddy Lab is looking good and ready for breakout and strenght is also good it may break this trend for upside.
RSI level is also above 50 which is good for bullish.
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.
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 .
#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
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Note:
Above levels are for education purposes only
Do your own analysis before taking any trade
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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