Drreddyanalysis
Dr Reddys lab - wait for tomorrow's breakoutDr 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 entry after retracement (Retracement is optional, we cannot expect every stock to take a retest after the breakout, it may also continue to have its bullish pressure after the breakout)
After reaching our targets, trail your stop loss to get maximum profit from the stock in a single trade
How to Do Swing trading in DRREDDY ✺----------------Drop a follow here: @Averoy_Apoorv_Analysis ✺
Chart Type: Self Explanatory
✺--------------------------- Motivational and psychological area ✺
✣Trade only if you are in the right mindset, if you have been emotionally weak for some time, take your time and don't trade, trade with a happy and + mindset only.
✣If you want to make money, firstly be prepared to lose it, only that much which you can afford and that much by which you can make a mistake again, learn from them and grow
✣Don't lose hope and keep grinding
✣I have seen my friends on youtube streaming games with watching 10, constantly they streamed for a year or two and now they are buzzing with 1k to 2k watching daily.
✣Focus on the process, you are here to make money not stupid decisions, and lose it all
✣No one will help you climb the mountain, few will tell the path, so follow good peoples, make good mentors and make good decisions and choices in the stock market.
✣Believe in yourself :)
✺------------------------------------ Some info-------------------------- ✺
➼My name is Apoorv and I am a 2nd year Engineering student, I want to pursue trading as my career, and thus whatsoever setups or trades I potentially see on my charting platform, I post it here and share them with you all.
➼I hope you will love my simple analysis style.
➼Feel free to suggest your view on this as learning is earning here :)
➼I take my trades on my Zerodha account :)
➼I don't take all the trades I post
➼These charts are my and only my work, my thought process, just from an educational point of view and no calls.
<<<<<< Thank You Have a Nice Trading Day >>>>>>
DR REDDY LABSooks good for a quick option.
Take trade as per the values given in Fibonacci. always trail the stop loss. do your own analysis before taking trade
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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 - Positional Trade May & JuneExecute Long above 5250 levels only after the trend line broke in Awesome Indicator and Price chart in 1 hour candle close to avoid false signals.
Maintain Strict Stop loss below the strong support zone as mentioned in the chart for a Target of minimum 80 points.
Kindly share your valuable feedback.
Disclaimer: Please do your own analysis or consult your Advisor before taking any trade. This view is for educational purposes only.
Dr Reddy | 700 Points Target Achieved We shared this idea in the starting of Feb and asked to short this stock near 5000 levels, It made a high of 4900 odd levels and now trading near our first target.
Here is the chart we shared.
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
Is DrReddy going towards 3850?The stock has formed the double top (M) pattern and given the confirmation too, I am expecting the retest of the black line and then fall towards the highlighted targets.
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team