DR REDDY - Wait for trend line breakTake positions in DR REDDY once the trend line breaks on either sides. I think we'll see a breakout soon as the results were quite good.
DRREDDY
Dr Reddy - Chart PatternDr. Reddy showing 2 chart patterns on weekly charts :
1. Symmetrical triangle
2. W-pattern (can you see it) or double bottom pattern
Wait for neckling break above 4960 on closing basis. TGT - 5400 on positional basis
#risinglows
#goodvolumes
Drreddy LongDr reddy has been taking support on trendline and is again on trendline showing some reversal. Conservative traders can go long after stock crossing 4900. Aggressive and long-term holders can enter now with SL below the trendline. If it goes as per plan swing target could be 20%
Short #DRREDDY looks so week in daily. Expected a target 4000. short term sell below : 4630
target @ 4050
stoploss above 4780
last 14 months this stock is trading in between a strong supply and demand zone. excepting a previous level of support 4050 to 4000 in a couple of weeks. current global cues are in negative mode.
💊 #Dr.Reddy Heading towards Harmonic PRZNSE:DRREDDY
as one can see Dr. Reddy's share heading towards harmonic PRZ., so here if you find reversal at PRZ then only go for swing trade.
******whatever charts or levels sharing here are just for educational purpose only, not a recommendation. Please do your own analysis before taking any trade on them. We are not SEBI registered.
Simple Trade Setup | DRREDDY | 26-10-2021 [ INTRADAY]NSE:DRREDDY
Observations:
1) On 1 Day time frame, After Friday's doji candle/spinning top candle, today it made hammer pattern.
Also it has been taking support and closing above 400DMA which is very very major support for any stock.
Only negative thing is that volume was lower than Friday.
Please refer below chart : 1day Time Frame.
Immediate resistance is at 4700 level
-------------------------------------
All the levels and most of the trade setup still remains the same as per previous.
Trade Setup for Date 26-10-2021:
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
drreddy quick profit4965 is long target but let candle close above trendline first
trade at your own risk
DRREDDY breakout established LONG!!Dreddy has given a breakout from the a trend line and looks like it is setting up for a good momentum
Hold till month end October
Entry- CMP
SL 4849
Target - 5430
R:R - 1:5
Breakout After the downfall of more than 15% in DR . Reddy , it started to recover. Now it gave a Fresh Breakout from the Trendline. Also Pharma sector too looks good for going long.
DR REDDY ICHIMOKU PLAYDR REDDY entered the ichimoku cloud today which is a positive sentiment. should move up along with other pharma stocks. targets are mentioned on the chart. risk to reward ratio is very favorable here.
DRREDDY - Inverse Head & ShouldersNote: This is for educational purpose only. Please do not trade in F&O based on this analysis.
There seems to be formation of Inverse Head & Shoulders. If the neck line is broken, we can initiate a buy in cash. RSI above 65 indicates bullish momentum. Moreover, the stock has more relative strength as compared to Nifty 50.
SL: ₹4825
Dr. Reddy on 1 hr TFDR REDDY is on its great breakout. May be it's greate opportunity we can see in few more days. Its for the holders to get that fast movement.
Dr. Reddy's Weekly Chart AnalysisDr Reddy's might take a Support near the trend line . Present Volumes is nearing 20 MA breakout.
Bearish Trend only when there is Comfortable Closing below 4200 levels.
Till then go Long and Accumulate on all Dips.
Disclaimer: This chart is for educational purpose. Please consult of your financial advisor before investing.
DREDDYNote:
1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline, not the big target...
3.Follow us for more patterns and like, share so that we feel it is helpful to many and share more patterns...
3. Views given here is not a tip rather it is for educational purpose... Aftermarket opens, the condition might change so learn to handle different conditions...
4. To learn more about patterns, Psychology behind the trade, and price action trading... contact us... Thanks...
Keep an eye ladies and gentlemen. Cheers and Happy Trading
Dr Reddy ready for continuation of uptrendThis counter held fort despite todays tragic fall across the board - ATH is the 1st Tgt & 6800+ is Pattern tgt on successful BO - Estimated 1 to 2 Months
Levels for - 27 Sep 2021EXPLANATION : This is a 15 min time frame chart of DRREDDY . It has formed Symmetrical Triangle Pattern , both side levels marked in chart .
If you like this analysis of Stock give a Like // Follow for more updates , let me know in comments below :)
DR REDDY POTENTIAL REVERSAL?hello check the chart for details and if u have any doubt ask me in comments section
*this chart is not complete yet*
DRREDDY LABS MAKING AN ASCENDING TRIANGLE PATTERNDrreddy Labs making an ascending triangle pattern
BUYERS ARE ACCUMULIATING ON CURRENT LEVELS, GOOD UPWARD MOVE IN INTRADAY IS EXECTED IF THE TREND LINE IS BROKEN!
Levels for - 06 Sep 2021EXPLANATION : This is a 15 Min time frame chart of DRREDDY . The stock has formed a Ascending Triangle Pattern , I will look to go long if it gives a good breakout of its supply zone and continue the upward rally . I am not comfortable in shorting unless it breaks its trendline with volumes. Entry as per your entry setup .
DRREDDY, Medium risky "Trading setup"....By The_RedTickerMakes sense to me...been falling a lot, slowing losing strength.
As such, not a bad stock, makes it worthy of being bought after such a dip.
Its also at an investment level, but I am unable to generate longer duration view so will aim to trade just the chart for now and rethink if it gets into significant profits.
*NOT AN IMMEDIATE BUY, entry level is mentioned on chart. Also, it should be a closing level entry and a closing basis SL.
TF for this setup is DAILY.
#The_RedTicker....
DRREDDY can opt for long. crossing the 200 ema it will gain proper upper momentum and along with the pattern, it shows dual confirmation ;
time duration - about 2 months ;
seems like it can easily break the above lines ;
first target - 5400 , second target - 5600.
purely for educational purpose .
DRREDDY GOOD LONG CANDIDATELook good at current levels,,,
expecting good upmove from current levels
stoploss will be todays low
