Dr Reddy has been consolidating for enough time, now is the time for breakout. R:R - ATR - 2:3
Dr Reddy is one of the stocks to watch for a few days/weeks. Clear resistance level is marked and the break of this can lead to a decent uptrend. It has already come out of the descending channel and has been silently accumulating.
Stock hitting resistance zone between 4400-4300. Bears will try to push prices lower from here as long these levels holg
DRREDDY is forming a double bottom on 1D timeframe, there could be a bullish rally after the breakout of neckline of the Double Bottom. There is also a confluence of 200 EMA on daily timeframe. You can go long after a good breakout of 4440/4435. Place Stop-loss according to you risks, suggested targets : 1st Target: 4680 2nd Target : 4890 . At 4Hour timeframe we...
When Price consolidate near 200 Day Moving Average and break the upper boundary of the consolidation zone then high probability price continue the trend .
Double top Symetrical triangle breakout Dr reddy shorting opportunity
NSE:STAR #NSE:STAR 310 & 330 CE bagged handsome profits of 15k/lot today and formed beautiful ascending triangle. BO Reisistance and sustainability may show good upside momentum, BD trendline support levels marked for caution. Happy LEarning
Dr 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.
Stock finding Resistance between 4500-4300 Levels. Bears can dominate as long as these levels hold and try to push prices lower
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.
buy 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...
NSE:CIPLA #CIPLA Descending triangle, levels marked on chart for practice. Happy LEarning !!
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...
Stock bouncing Off Supports of 3800-3600. Break of Trendline on Weekly Closing Basis can result in Uptrending Moves
NSE: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 !!
NSE:CIPLA #NSE:CIPLA trading in a range and give good BO, Post Sustainability, high chances for momentum. Happy LEarning !!
NSE:LUPIN #NSE:LUPIN formed beautiful ascending triangle, levels marked for practice. Happy LEarning !!