EXPLANATION : This is a 15 Min time frame chart of DRREDDY . The stock has formed a Ascending Triangle Pattern , I will look to go long if it gives a good breakout of its supply zone and continue the upward rally . I am not comfortable in shorting unless it breaks its trendline with volumes. Entry as per your entry setup .
crossing the 200 ema it will gain proper upper momentum and along with the pattern, it shows dual confirmation ; time duration - about 2 months ; seems like it can easily break the above lines ; first target - 5400 , second target - 5600. purely for educational purpose .
Look good at current levels,,, expecting good upmove from current levels stoploss will be todays low
Dr Reddy is following a channel and it is at the bottom of the channel. It is showing a good pinbar type candle on weekly time frame. And it can have support of PHARMA sector as it is also at the support. So it can give a good target for a swing trade. Comment your thoughts below.
Dr Reddy's Labs is consolidating in a tight range forming a parallel channel on the 15-minute chart. A fresh breakout/breakdown can give a good move.
Possible buy opportunity on intraday basis. plan trade based on breakout and target the nearest supply zone mentioned on the chart
Pure price action-based video on what to do in dr reedy now?
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.
👑 Terms used if you don't know : ✣ Contraction pattern: A pattern starting with a broadening high candlestick and low candlestick and converging to a fixed point, these highs and lows created in between them are bulls vs bears fight going on inside the pattern and if it comes to the lower part of it, surely bulls will take it to the topmost point and vice-versa...
Sorry for delay due to Net issues ( Uploading it 7th time hahaha ) 👑 Terms used if you don't know : ✣ Contraction pattern: A pattern starting with a broadening high candlestick and low candlestick and converging to a fixed point, these highs and lows created in between them are bulls vs bears fight going on inside the pattern and if it comes to the lower part...
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...
✺----------------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...