DR REDDY INVERTED HEAD & SHOULDERWAIT FOR ZONE TO BREAKOUT.
AGGRESSIVE TRADER CAN ENTER AT RISING SPPORT LINE. REFER HOURLY tf FOT BETTER CLARITY
DRREDDY
DRREDDY can give 23% returns 1:6 Risk to Reward ratioI will go LONG on DRREDDY because:
The price is under Support/Resistance zone.
It has touched the support and may reach the resistance zone .
Target would be the Resistance area .
Book profit when it reaches the resistance zone .
Entry - 4426
Target - 5450
Stop loss - 4263
DRREDDY BreakoutDRREDDY breaking out from 9-month consolidation, from falling trendline with rising volumes, RSI also breaking out also CNXPHARMA index breaking above all-time highs.
Can expect immediate targets of 5800/6000.
Dr Reddy's Lab: 50% upsideDate: 13 June 2021
Flag Pattern in Dr Reddy's lab
Approx. 50% upside in the stock in 1.3 Yrs.
HEY ITS A GOOD CHART PATTERN .Hi Everyone its a good pattern have to wait for the rejection then buy or sell it
Drreddy - Nearing ATH - SputnikVConsolidation near the ATH and forming a triangle pattern when the company is dealing with Sputnik makes the price to break and move up.
I am not used to listen to the news and trade accordingly but sometimes I confirm the break with the news.
Dr Reddy breakout Daily/WeeklyBreakout given on Daily as well as weekly chart.
Rsi predicted bullish move.
Follow for more.
DR REDDY LABS CUP AND HANDLE PATTERN WATCH WITH EAGLE EYEDR REDDY LABS CUP AND HANDLE ENJOY YOUR COFFEE OR TEA WHAT EVER YOU PREFERRED
DR REDDY'S - CUP AND HANDLE 1500 bps bull run expected Dr Reddy's has given a hug Cup and handle pattern with the length of approx 2500 bps (Rounded off to next 100). 1000 bps already covered since the cup formation. Another 1500 bps rally expected in next 6-12 months. Hold it in long term. A fundamentally strong and promising share expected to give extra-ordinary results due to it new projects from DRDO
CMP - 5300
Target - 6000/6500/7000+ in 6-12 months
DRREDDY INSIDE PATTERN SHORT opportunityDRREDDY INSIDE PATTERN SHORT opportunity i
we can short after support breakout
BuyBuy at cmp and in dip at 5000 sl 4680 daily closing basis for target of 6300+
In optimistic scenario rally could extend to 7200 and 8300.
Price has got support at CML and previous high. Volume in recent upmvoe is good. RS and RSI are indicating strength in counter.
Disc : it's not an investment advice to buy or sell
Analysis of DRREDDY. Good Move again. For swinger and intraday.Everything provided in graph.
For Educational purposes.
Comment for any queries or suggestion
