Note: This is for educational purpose only. Please do not trade in F&O based on this analysis. There seems to be formation of Inverse Head & Shoulders. If the neck line is broken, we can initiate a buy in cash. RSI above 65 indicates bullish momentum. Moreover, the stock has more relative strength as compared to Nifty 50. SL: ₹4825
EXPLANATION : 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 :)
EXPLANATION : This is a 15 Min time frame chart of DRREDDY . The stock has formed a Ascending Triangle Pattern , I will look to go long if it gives a good breakout of its supply zone and continue the upward rally . I am not comfortable in shorting unless it breaks its trendline with volumes. Entry as per your entry setup .
crossing the 200 ema it will gain proper upper momentum and along with the pattern, it shows dual confirmation ; time duration - about 2 months ; seems like it can easily break the above lines ; first target - 5400 , second target - 5600. purely for educational purpose .
Look good at current levels,,, expecting good upmove from current levels stoploss will be todays low
Dr Reddy's Labs is consolidating in a tight range forming a parallel channel on the 15-minute chart. A fresh breakout/breakdown can give a good move.
Pure price action-based video on what to do in dr reedy now?
DR REDDY IS TRADING IN A NEWS RANGE AFTER IT BROKE ALL HIGH'S, NOW IT CAME ON A SAME TREND LINE AND ALSO IT TOOK EXACT SUPPORT FROM 50MA.
The stock has created the inverted head & Shoulders pattern in the daily chart. Short term targets are 6200 with an SL of 5200.
DRREDDY 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 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...
ooks good for a quick option. Take trade as per the values given in Fibonacci. always trail the stop loss. do your own analysis before taking trade Check these Upcoming ideas - STILL ACTIVE Check these successful trades & approach on Britannia , Mothersonsumi , DLF , Biocon , Daawat , Infosys , HBL power , HDFC life , Hind ZINC given below If you like my...
DRREDDY Buy - Above 5520 SL- 5330 Target 5940 6100 Note:- I am not SEBI registered . All Views and trade setups are my personal view and my personal trade setup. Do follow us Like Us Share with fellow traders Also check the below related ideas for other stocks.
DR REDDY LABS CUP AND HANDLE ENJOY YOUR COFFEE OR TEA WHAT EVER YOU PREFERRED
Execute Long above 5250 levels only after the trend line broke in Awesome Indicator and Price chart in 1 hour candle close to avoid false signals. Maintain Strict Stop loss below the strong support zone as mentioned in the chart for a Target of minimum 80 points. Kindly share your valuable feedback. Disclaimer: Please do your own analysis or consult your Advisor...