Best Place For Investment In DR REDDY LABS Cmp - 4446 SL - 3800 ( Monthly Closing Basis ) Target - 6870 Time Frame - 2 Years
Chart pattern depicts the situation clearly REASONS 1. DRREDDY has been trading in an Ascending channel respecting the levels perfectly . 2. In Monthly timeframe, DRREDDY has given a Breakdown out of the 5 Year old trendline Support (White coloured) 3. Now, it is going through a Downswing(Descending Channel) inside the Ascending channel 4. Right...
Dr reddy ready to Fly Good Trendline Support Weekly chart Rsi is also Looking good
Key highlights: 💡⚡ ✅On 1D Time Frame Stock Showing Breakout of Channel pattern . ✅ Strong bullish Candlestick Form on this timeframe. ✅ Buy above 4400 ✅It can give movement up to the Breakout target of 4800. ✅Can Go long in this stock by placing a stop loss above 4310. ✅ breakout this can give risk:reward upto 10 %+
Dr.Reddy Lab showing at 4380 is Major Resistance where we can clearly see Long Long Wicks and rejecting the price from same level At the same time we get Trendline Support and formed Ascending Tringle Chart Pattern. In coming session we can see such big rally either side of breakout or breakdown. KEEP AN EYE ON IT….!!!!
1. After a decline from 5600 odd levels to 3700 odd levels, stock is in short term uptrend. 2. As we can see, a Bearish Flag is in making. Currently it's consolidating and a decisive Break Down (most probably) may happen anytime soon. 3. Rejection is also evident from the RSI, suggesting a strong decline in coming weeks. 4. For short term, stock is entering...
HNS PATTERN: Checked ============ Price & Volume relationship : ------------------------------------ Volume is supporting the Upside movement. Conclusion: Wait for a breakout on either side for good RR.
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DRREDDY forms channel pattern and retest a bottom of a trend line looking good for swing and positional trade
NSE:ZYDUSLIFE #NSE:ZYDUSLIFE Formed beautiful symmetrical triangle. All the levels marked on chart for practice.
Hi Traders, DRREDDY is nearing to Trendline support in Daily timeframe, if any Buying momentum seen we can expect BULLISH trend to go Long. Incase any weakness breaks the trend line we can look for Short entry when it retraces the Trend line. Thanks
Dr Reddy is one of the stocks to watch for a few days/weeks. Clear resistance level is marked and the break of this can lead to a decent uptrend. It has already come out of the descending channel and has been silently accumulating.
DRREDDY is forming a double bottom on 1D timeframe, there could be a bullish rally after the breakout of neckline of the Double Bottom. There is also a confluence of 200 EMA on daily timeframe. You can go long after a good breakout of 4440/4435. Place Stop-loss according to you risks, suggested targets : 1st Target: 4680 2nd Target : 4890 . At 4Hour timeframe we...
When Price consolidate near 200 Day Moving Average and break the upper boundary of the consolidation zone then high probability price continue the trend .
NSE:GLENMARK #NSE:GLENMARK 360 CE given today and it worked really well and bagged 14k/lot. Further levels marked can be work as resistance. Happy LEarning !!
NSE:STAR #NSE:STAR shared day before yesterday with levels and it BD from support and resulted 7% yesterday. 320 PE Bagged 18k/lot. Happy LEarning !!