DR REDDY FOR DAY TRADING It was such a bullish move last day, may be a gap up opening tomorrow. Even though high probability to get an enter for day traders.
Drreddyanalysis
POSITIONAL VIEWbuy level >>> 5100-5115
target 1 = 5150
target 2 = 5215 +++
stop 5100
deeper stop = 4910 (for swing)
applying fibo levels
script crossing 0.50 level
making a way to move towards 0.618 = 5190 level
disclaimer - for study purpose only.
DR REDDY LOOK OUT FOR THESE LEVELS!!! - UPDATED
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The analysis is my POV, hope you got bucks in your pocket to consult a financial advisor before investing :P :)
HAPPY TRADING!!!
DR REDDY LOOK OUT FOR THESE LEVELS!!! ALL THE LEVELS ARE MARKED ON CHART, RED ZONES DENOTES SUPPLY ZONES AND GREEN IS FOR DEMAND ZONE .
STOCK HAS EARLIER TAKEN SUPPORT FROM 50 DAILY EMA BUT IT WAS NOT ABLE TO MAKE HIGHER HIGH
The indicator used:
1) Daily Lines plots Daily 20 & 50 EMA on lower time frame charts
2) TE-REKAB
- PB : PULLBACK
If you like the analysis, do leave a like and follow for more such content coming up.
The analysis is my POV, hope you got bucks in your pocket to consult a financial advisor before investing :P :)
HAPPY TRADING!
Dr Reddy LongBuy after 1 week. let the price correct bit more buy 2 or 3%.
Buy @ 4850
with target of 25% return in a month or two month.
Reason:
1. Support at 50 EMA
2. Trendline support (Demand zone)
3. Results are better than expected.
DR REDDY LOOK OUT FOR THESE LEVELS!!! ALL THE LEVELS ARE MARKED ON CHART;
PRICE WAS STRUGGLING TO BREAK DAILY 20 EMA, IT HAS BROKEN IT WITH GOOD VOLUME
IT MIGHT COME BACK TO THE EMA FOR CONSOLIDATION.
The indicator used:
1) Daily Lines plots Daily 20 EMA on lower time frame charts
If you like the analysis, do leave a like and follow for more such content coming up.
The analysis is my POV, hope you got bucks in your pocket to consult a financial advisor before investing :P :)
HAPPY TRADING!!
DR Reddy#drreddy looks weak, seems a pull bac done and weak below 5060... below 5000 levels seems a free fall...
DR Reddy#DRREDDY we can call it an Evening Star or Breakout and Pull Back..
We can enter as per the next candle formation in first half of market tomorrow.
DRREDDY Bullish Pennant breakoutDRREDDY had its bullish pennant breakout. Buy: 5220; T: 5500; SL: 5100
-MOHIT RAJANI
Dr Reddy : Positional GO LONGLevels and observations mentioned on chart.
Trade duration : 2 weeks to 2 months
DRREDDY - Flag and Pennant patternNote: This is for educational purpose only.
There seems to be a bullish flag and pennant pattern. RSI is above 60 indicates bullish momentum.
DR REDDYS LABS(Intraday / Swing Trade) | RR 1:2.8+ | Type:- Breakout
Reasons To Trade🤔 :- In Uptrend, Making Higher High's, Above 200DMA, Forming Continuation Pattern, Overall Sector is Bullish.
Entry :- 5200
Stop Loss :- 5100
Target :- 5480
(Risk Must Be Managed.)
Keep Your Eyes On Index
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--Any Suggestions--
DRREDDY - Hammer at 21 EMANote: This is for educational purpose only.
There seems to be a hammer at 21 EMA which acts as dynamic support. The 21 EMA has acted as a dynamic support before as well. RSI above 60 indicates which indicates bullish momentum. This is on hourly chart. Moreover, 21 EMA is above 55 EMA which indicates short term up trend.
Drreddy - Super bullish, 200 points, 2 days.Price as discussed earlier ( see related ideas link) took pattern support and breaks the pattern. In a 2 days time price almost moved 200 points which is a super bullish movement for the script.
All one has to do is buy a stock at support after drawing a perfect pattern.
DR REDDYS LAB SWING LONGDR REDDYS SWING long entry price 4490 , stop-loss 4340 , target price 4720
NOTE : CONSULT WITH YOUR TRADING ADVISER BEFORE TAKING ANY TRADING DECISION.
Reaching the top, as expected.Expecting the price to walk through the lines lets see :)
Price definitely going to the top of the triangle to face the rejection. will come back to the trend line to take support and once again faces the resistance at the top and break hopefully.
