After a healthy correction, DR REDDY is now at great discount. It is in a good support zone. DR REDDY also has great financials, one can totally add such a stock in portfolio or increase stake. If bounces from here right away, will be looking for a short term bet too.
NSE:DRREDDY Observations: 1) On 1 day time frame,we can see that it has been having continious down fall and now it is near to immediate last major support of 4200 level. Range of 4200-4275 is working as support in previous days. It has now chance to bounce from it. But if it failed and gave breakdown of 4200 level range then we can see some more down fall...
Hi Friends, I am giving my personal in-depth analysis of Dr Reddy as per its chart. Please note that these are my personal views. You should consult your financial advisory before investing.
Take a look at the Dr.Reddy Chart , it is in the oversold state it will revert back in no time
In support zone cmp:4496 Can buy if next candle break level 4567 (green big strong candle) Target 1 and 2 (mentioned in chart) follow strict SL (mentioned in chart) educational purpose
Biocon intraday support and resistances for Intraday 24/01/2022
Dr Reddy has been taking support at the horizontal line and is taking resistance at 200 DMA. Hope at least this time it breaks the 200DMA. But moving till 200 DMA itself is a good move and sl can be the horizontal support minus some grace points.
Potential Opportunity as Swing Trade in RELIANCE INDUSTRIES Risk : Reward - 1:2 Entry - 4705 Stop Loss - 4590 Target - 4935 This is for Educational Purpose only, apply your prudence & consult your adviser before any investing. HAPPY TRADING...... :) #nse #swingtrade #nifty #drreddy #nifty50 #bullishflagbreakout
stop loss 4731 target 4990 target 5130 delivery investment. buy if stock move above 4862. reversal trend.
DRREDDY can go long at CMP.. TGT-1 - 5005, TGT-2 - 5180.....SL-4650 1:1 Risk Reward
Drreddy Long Crossed all moving averages in last 3 days RSI-67 Buy at CMP- 4900 SL- 4802 Target- 5045, 5147, 5276 Join us, Learn more, Earn more Disclaimer- We are not SEBI registered advisor. Charts and views are only for educational purpose.
Nifty Pharma gave BO.. Dr Reddy good BO on chart too.. Details in the chart
DRREDDY after sharp fall due to weak Q1 results, now consolidating with descending triangle pattern. Took support near 4450-4490. now lets see whether it breaks support or bounces up to break descending resistance line..
Dr Reddy's gives a breakout from a falling trend line. Go long for a target of 5050-5070.
DRREDDY important levels foe long term investment Disclaimer: All charts are purely for educational and information purpose only. Invest or Trade at your own risk.
Dr. Reddy’s is at retest levels to go up or down …. Reasons/Traits : • Bearish Cypher harmonic pattern is getting formed, to complete this pattern, trend will be up • 200 MA is tested and 0.5 Fib levels are rejected and 0.382 Fib levels giving support in last couple of days • Currently 1350 support taken, where 5 EMA is crossing 20 EMA and 200 EMA from bottom...
Dr Reddy Looking Good Near 4430. One Can buy With SL 4200 RR 1:2