CNX pharma took support with a huge engulfing candle and now approaching the upper level of exploding triangle pattern so it is exciting to see how it reacts to these levels.
#DRREDDY Look at the monthly for the "good" cup and handle pattern with a bullish reverse momentum divergence. Now look the weekly for the bad/ugly where it is forming a double top and approach neckline. To go for long or short depend on your time horizon for the trade.
BUY DRREDDY 5400-5410 TARGET 5680/5780 STOPLOSS 5308 EDUCATIONAL PURPOSE ONLY
NIFTY 50 EOD ANALYSIS -27-07-21 IN SUMMARY Open / High / Low / Close 15860.5 / 15881.35 / 15701 / 15746.45 Trading Range Low to High: 180 points Likely Max Realistic Opportunity @ 50%: 90 points India VIX: 13.23 / +6.27% FII DII activities: -731 Crores CHART BASED CONCLUSIONS Nifty ended the day as if today was 19-7-21, just around the same level....
DR REDDY IS TRADING IN A NEWS RANGE AFTER IT BROKE ALL HIGH'S, NOW IT CAME ON A SAME TREND LINE AND ALSO IT TOOK EXACT SUPPORT FROM 50MA.
Sell @5375, SL-5390, TGT-5345 Buy @5395, SL-5380, TGT-5430
Sell @5320, SL-5310, TGT-5285 Buy @5355, SL-5340, TGT-5380
Sell @5362, TGT-5320, SL-5380 Buy @5412, TGT-5442, SL-5400 Works for Positional Buy 5400 CE when spot reached 5370
Daily Chart #LALPATHLABS NSE: LALPATHLABS Short Term Quick Profit CMP 2968. Target: 3400 SL : 2836 Timeframe < 45 Days Cand hold for longer time RALLY COMING SOON ON THIS ONE ITS A BULL MARKET RALLY. Bullish on whole INDIA! Corrections followed by another high! Factors: Inverted Head & Shoulder Pattern Forming Trend Following Rising Volume with rising...
Long consolidation Breakout small Stop loss Better Risk Reward Ratio
The stock has created the inverted head & Shoulders pattern in the daily chart. Short term targets are 6200 with an SL of 5200.
DRREDDY formed reverse Head & Shoulder pattern in daily TF. Its safe to enter above 5515, for targets of 6000, with SL of 5400. Thanks Yuvaa Trades
DRREDDY : Momentum Crossing above 5415.5, we may see 5,445.7, 5,486.5 Like, Share, Comment for regular updates. Disclaimer I am not sebi registered analyst My studies are Educational purpose only Please consult with your Financial advisor before trading or investing
Dr Reddys lab is in the triangle pattern and going to take its breakout, so give an entry with appropriate Stop loss only after the breakout 🔴DISCLAIMER ***** It's just for an educational purpose and so you must also follow your own technical analysis before taking up the trade ****** Aggressive traders enter at the breakout and conservative traders may give...