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...
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DrReddy has broken a year long trendline. Let's see how big the fall would be. I honestly don't know, though expecting big downfall.
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
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+++
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After consolidating and forming a descending triangle, looks like DR reddy has tested the support. Good chance to go long from here. NSE:DRREDDY Please follow and like.
Note: This is for educational purpose only. There seems to be a bullish flag and pennant pattern. RSI is above 60 indicates bullish momentum.
It’s forming a bullish pennant pattern !! Pharma is the palace & dr reddy is the king !!
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.
Price as discussed earlier ( see related ideas link) took pattern support and breaks the pattern. In a 2 days time price almost moved 200 points which is a super bullish movement for the script. All one has to do is buy a stock at support after drawing a perfect pattern.