The predicted buy & sell zones plotted are an approximation and for accurate levels use the indicator (tradershedge) which updates the levels on real time and also triggers an alert.
You can make entry decision once you get a confirmation at the respective marked zones and opt for the next successive zones as expected targets in the direction of the...
Buy Dr Reddys CMP 5270 Stoploss 5160 Target 5500
Study : Stock is trading near Retesting level of Ascending Triangle Breakout ...Perfect Risk to reward scenario
Buying can be initiated above 924 for the first target of 970
initial Sl 893, keep trailing if comes in trade direction
Note : This idea is for only educational purpose
If opens out of yesterdays range look for buying opportunities when it takes support at buy zone 1.
If opens within yesterdays range look for buying opportunities when it takes support at buy zone 2 and Buy zone 3.
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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!!!
Drreddy Is in a Uptrend channel.4h time frame.It is a very high volatile stock.But very good for intraday as well as long term.Trade with your own Risk.Good luck all.
Natco pharm gave breakout from triangle pattern on 07 Dec 2012
A good buy above 995 is recommended wsl 950 for the first target of 1051
Keep trailing SL if starts coming in our direction
