DRREDDY forms channel pattern and retest a bottom of a trend line looking good for swing and positional trade
DRREADY in channel pattern can go for LONG (BUY) with risk: reward 1:2.5 a small swing trade...
Stock in Trading Range at 4320 - 4200 Levels. Wait for Trading Range Break - Plan accordingly
This is the daily chart of Dr.reddy. It has broken uptrend channel. Educational Purpose.
Price action analysis on DRREDDY. DRREDDY seems to be forming a w- pattern in daily time frame. Multiple targets can be taken, earnings release on 28th June , can trigger a blast in the price to the completion of the overall W - pattern. Target and stop loss indicated in chart, very thin SL, of around 1.5 % from entry point.
NSE:HCLTECH #NSE:HCLTECH trading @ Key Support level and good above 935 with as 925 SL. Medium to long term, chances to continue fall if BD 890 level. Happy LEarning !!
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.
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