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
Price is consolidated in a range. For trade entry level mentioned on chart.
Levels are mentioned on the charts. Stock may show a comeback this time. The risk-reward ratio should be maintained wisely. Only for learning and sharing purposes. Not a bit of trading advice. Please comment with your views.
Dr. Reddy could break out of this TL and then be ready for an up move. Swing traders can keep it on their watchlist for a good RR trade.
Take 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.
Dr. 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
Dr 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 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.
NSE: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...
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...
4965 is long target but let candle close above trendline first trade at your own risk
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
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.