Good to enter long in DRREDDY as Break-out is seen in the stock above trendline along with good volumes. One can go long at current levels of around 4560 for a target of 150 pts from here or around 4710 levels with sl around 4420 levels.
The stock has tested support three times
DR REDDY: SUPPORT: 4375 - BUY IF IT TAKE SUPPORT AT 4375, LOOK FOR VOLUMES AT SUPPORT ZONE. -SELL IF 4375 IS BROKEN WITH GOOD VOLUME, SELL ON FOLLOWUP. TAKE TRADES ON CONFORMTATION
Double Bottom with Bullish Divergence Target till the next resistance
The stock looks good to sell near 5000 with the SL of 5125 for the targets of 4850 and 4700. To motivate me, Please like the idea If you agree with the analysis. Happy Trading! InvestPro India Team
Drreddy as mentioned before 2 days that it will took support from 4630 and Next Resistance in 4695 and after crossing this Resistance made high of 4830 within 2 DAYS
DRREDDY TRADING AT VERY MAJOR SUPPORT OF 50 EMA + 100% RETRACEMENT LEVEL ON WEEKLT CHART, IF SUSTSINS AT THIS LEVEL THEN WE CAN SEE A GOOD SHARP UPMOVE IN THIS STOCK & IF BREAKADOWN THEN NEXT SUPPORT IS AT 4130
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...