DRREDDY - Buy on BreakoutBuy on Flag Breakout on 15m
Entry - on Flag Breakout
SL - 4440
Tgt - 4544
Disclaimer - I am not sebi register analysis
Drreddysharepricense
Drreddyhigh : 07/07/2021 : 5,614.60
low : 18/02/2019 : 1,872.95
75 % : 4679.18
50% : 3743.77
25% : 2808.36
Dr Reddy's target for 1-2 month. stop loss 4731
target 4990
target 5130
delivery investment.
buy if stock move above 4862.
reversal trend.
Simple Trade Setup | DRREDDY | 26-10-2021 [ INTRADAY]NSE:DRREDDY
Observations:
1) On 1 Day time frame, After Friday's doji candle/spinning top candle, today it made hammer pattern.
Also it has been taking support and closing above 400DMA which is very very major support for any stock.
Only negative thing is that volume was lower than Friday.
Please refer below chart : 1day Time Frame.
Immediate resistance is at 4700 level
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All the levels and most of the trade setup still remains the same as per previous.
Trade Setup for Date 26-10-2021:
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
Levels for - 27 Sep 2021EXPLANATION : This is a 15 min time frame chart of DRREDDY . It has formed Symmetrical Triangle Pattern , both side levels marked in chart .
If you like this analysis of Stock give a Like // Follow for more updates , let me know in comments below :)
REVERSE HEAD & SHOULDER PATTERN IN DRREDDYDRREDDY 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
Dr Reddys lab - wait for tomorrow's breakoutDr 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 entry after retracement (Retracement is optional, we cannot expect every stock to take a retest after the breakout, it may also continue to have its bullish pressure after the breakout)
After reaching our targets, trail your stop loss to get maximum profit from the stock in a single trade
Dr Reddy- Hanging Man - Top Reversal Candlestick Pattern @ 5200Hanging Man - Top Reversal Candlestick Pattern
Confirmation is must ( Wait for close below 5200) in next week ( No Selling- If stock fails to close below 5200)
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Trading Strategy - Sell only below 5200
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Targets Downside
4700
4350
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Last Idea Published - DRREDDY - Head & Shoulder - Top Reversal Pattern but In this case appeared post a downtrend which has lesser success rate as compared to H&S pattern found at the uptrend
