This 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
EXPLANATION : 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 :)
BSE:DIVISLAB Nice IHNS pattern Formation Trade Secrets BY Pratik
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 pattern BUYERS ARE ACCUMULIATING ON CURRENT LEVELS, GOOD UPWARD MOVE IN INTRADAY IS EXECTED IF THE TREND LINE IS BROKEN!
EXPLANATION : 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 .
Makes 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...
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 .
Look good at current levels,,, expecting good upmove from current levels stoploss will be todays low
Dr Reddy in working in parallel channel may revert from here.
Dr Reddy is following a channel and it is at the bottom of the channel. It is showing a good pinbar type candle on weekly time frame. And it can have support of PHARMA sector as it is also at the support. So it can give a good target for a swing trade. Comment your thoughts below.
As you can see I am trying to guess the future of the stock, its just my theory on seeing the previous charts, as you can see it has taken good support from the green zone(support zone) in cpr, so an entry at that point would be perfect and go long on the stock for 3 month for return of more than 2000 per share, patience is the key. It will form a head and...
Dr.REDDY forming bearish pattern...so wait for 4100-4200 buying range...once its break 4100...free fall we can expect
Double bottom formation Entry at 4851 SL 4747 or hedge with 5000CE Sell
Daily Chart #FORTIS NSE: FORTIS Short Term Quick Profit CMP 236 Target : 254 SL : 226 Timeframe < 30 Days Can hold for longer time ITS A BULL MARKET RALLY. Bullish on whole INDIA! Corrections and then higher highs again. Factors: Inverted Head & Shoulder Pattern Forming Trend Following Rising Volume with rising Prices. Flag pattern breakout. Pennant...
Buy @4835, SL-4827, TGT-4850 Sell @4723, SL-4700, TGT-4733
DRREDDY has broken through the short-term resistance, after taking support at the long-term support line, which coincided with the 50-EMA. Target of 5700, with a closure below the stop-loss line as the stop-loss, could be on the cards.
Buy @4812, SL-4800, TGT-4850 Sell @4770, SL-4780, TGT-4740