Drreddy Lab impulse upMoving in impulse wave up...
of which wave 1 and 2 completed
and wave 3 has started..
downside support 6250--6100
upside potentials 6500--6800 (1.618 fib level 6812)
22.451BRL
3.35 BBRL
16.82 BBRL
121.79 M
About DR. REDDY S LABORATORIES
Sector
CEO
Erez Israeli
Headquarters
Hyderabad
Website
Founded
1984
ISIN
BRR1DYBDR008
FIGI
BBG00XX9KHK9
Dr. Reddy's Laboratories Ltd. engages in the manufacture and marketing of pharmaceutical products. It operates through the following segments: Global Generics, Pharmaceutical Services and Active Ingredients, and Others. The Global Generics segment consists of manufacturing and marketing of prescription and over-the-counter finished pharmaceutical products ready for consumption by the patient, marketed under a brand name or as generic finished dosages with therapeutic equivalence to branded formulations. The Pharmaceutical Services and Active Ingredients segment focuses on manufacturing and marketing of active pharmaceutical ingredients and intermediates, also known as API, which are the principal ingredients for finished pharmaceutical products. The Others segment includes the operations of the subsidiary of the company. The company was founded by Kallam Anji Reddy on February 24, 1984 and is headquartered in Hyderabad, India.
Dr. Reddy's : Triangle Pattern Formation in Demand ZonesDr. Reddy's stock is currently forming a descending triangle pattern on the 2-hour, 4-hour, and daily demand Zones. This pattern and its positioning within demand zones are crucial for potential future movements.
Key Observations:
Triangle Pattern : The stock is creating a descending triangle p
DRREDDYEntry 6806 Above Close
SL 7657 (50 Points)
Target 1:5 and 1:10
SL 1Hr candle close only, Target Trigger Price
All detail for chat. good entry at mark price only. and must stoploss minimum risk and good profit. risk ratio 1:1 to manage modified SL. This is not call, Just my idea. Please understa
DRREDDY - PRICE REENTERING RISING WEDGE CHANNELHi All,
This idea is about Dr Reddys Lab
Fundamentals
Mkt Cap - 106810 Cr
Stock PE - 19.2
ROE - 21%
ROCE - 27%
Mkt Cap/Sales - 3.8
OPM - 28%
Technicals
Price was pushed back to follow the rising wedge pattern & if it sustains above the marked (white line) resistance, can further show an upside
AB=CD HARMONIC REVERSAL IN DR REDDYThis price is falling from the reversal zone and also you may see the reversal confirmation i.e bearish candle formed and closed below the reversal zone. This confirms that the price is ready for the further correction. If the weekly candle is closed above the reversal zone, we can alter this next p
DRREDDY 2 Weeks Target coming 7300+ based on hourly charts.DRREDDY 2 Weeks Target coming 7300+ based on hourly charts.
LTP - 7079
Targets - 7300+
SL - 6975
Risk Reward Ratio - 1:2
Happy Investing.
Dr Reddy SL day candle close only, Target Trigger Price
All detail for chat. good entry at mark price only. and must stoploss minimum risk and good profit. risk ratio 1:1 to manage modified SL. This is not call, Just my idea. Please understand your risk and take full responsibility of your actions
Dr Reddy Date 19.08.2024
Dr Reddy's Laboratories Ltd
Timeframe : Day chart
Remarks :
If breakout out 161% extension of ascending broadening then high momentum breakout
If breakdown base of ascending broadening triangle pattern then high momentum breakdown
Regards,
Ankur
See all ideas