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Drreddyanalysis

DR REDDY Long Swing Trade 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 can see a formation of Double Top. The stock has given a breakout of the Double Top which is a good sign for bullishness.
NSE:DRREDDYLong
by Rehan_sharif
NSE:STAR Trading in a range near key Support levelNSE:STAR #NSE:STAR reached to key support level, stuck between 308-326, breaking these levels may expect good momentum. All possible levels marked on chart, Observe and levels and share your experience. Hi Friends, For the past few days i was not able to share any charts due to technical error from TV. Many of you reached to me with the medium available in my signature column down to this chart., Wish No gap has been created with this issue. I request all my friends to reach me when ever u feel I can help u. Only for market LEarning.
NSE:STAR
by Market_Order9
Simple Trade Setup | DRREDDY | 31-01-2022 [INTRADAY]NSE:DRREDDY Observations: 1) On 1 day time frame,we can see that it has been having continious down fall and now it is near to immediate last major support of 4200 level. Range of 4200-4275 is working as support in previous days. It has now chance to bounce from it. But if it failed and gave breakdown of 4200 level range then we can see some more down fall of 50points for sure and then breakdown of 4145 can lead it more down to test 4000 level. Please refer below chart : 1day Time Frame. 2) Please refer below chart : 15min Time Frame. ------------------------------------- Trade Setup for 31-01-2022 1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action. 2) Everything is mentioned on the chart. I hope it is easy to understand. 3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level. 4) Avoid gap up or gap down chase. Wait and trade between levels. Please refer below chart for levels. Hope I made it easy to understand it. Do comment your doubt or suggestion. Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
NSE:DRREDDY
by Trading_hawk
Dr Reddy's Lab AnalysisOne of the most Lagard stock in the market. gave a 100+% returns in 6 months after the crash but after than its been a year there's absolutely no returns/ disappointing returns, Often rising up in intraday and falls back after some time. Being a Pharma Stock, this one underperformed too much. anyways very good support at 4400, absolute support at 4000-4040. it is gonna take really long time to see good returns from this stock. This stock is best for swing and intraday trading, even Shorting. DRL couldn't even recover from the huge intraday fall, for the last 2 months. if it sustains above 5000 can expect good short term returns. P.S: It won't happen any sooner, the stock has given Head and Shoulder pattern, Bearish mode continues. Investors, if you're in profit, Book as soon as possible.
NSE:DRREDDY
by raam8360