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
NSE:DRREDDY go only if one can find reversal at PRZ. ******whatever charts or levels sharing here are just for educational purpose only not a recommendation. please do your own analysis before taking any trade on them. we are not SEBI registered.
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.
Buy At Cmp 5016, Strict SL - 4630 (DCB), Target - 6000+++
buy 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.
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!!!
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...
Buy 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.
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...
DRREDDY had its bullish pennant breakout. Buy: 5220; T: 5500; SL: 5100 -MOHIT RAJANI
Levels and observations mentioned on chart. Trade duration : 2 weeks to 2 months
Note: This is for educational purpose only. There seems to be a bullish flag and pennant pattern. RSI is above 60 indicates bullish momentum.
(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 😜Follow For More ✔ Give Me A Thumbs Up... 👍 --Any Suggestions--