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
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.
Buy At Cmp 5016, Strict SL - 4630 (DCB), Target - 6000+++
Note: This is for educational purpose only. There seems to be a bullish flag and pennant pattern. RSI is above 60 indicates bullish momentum.
Note: 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.
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.