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DR REDDYS LADRNDR REDDYS LADRNDR REDDYS LADRN

DR REDDYS LADRN

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R1DY34 trade ideas

Shooting Star A shooting star occurs after an advance and indicates the price could start falling. The formation is bearish because the price tried to rise significantly during the day, but then the sellers took over and pushed the price back down toward the open. Traders typically wait to see what the next candle (period) does following a shooting star . If the price declines during the next period they may sell or short. If the price rises after a shooting star , the formation may have been a false signal or the candle is marking a potential resistance area around the price range of the candle. Script = DR Reddy Time Frame = 1 Day
NSE:DRREDDYShort
by Jainshashwat
Neat & Clean Breakout in Dr. reddy's lab Target 20-25% from hereDr. Reddy's Laboratories Ltd is a leading India-based pharamceutical company which offers a portfolio of products and services, including Active Pharmaceutical Ingredients (APIs), Custom Pharmaceutical services (CPS), generics, biosimilars and differentiated formulations. Market Cap ₹ 80,814 Cr. Current Price ₹ 4,853 High / Low ₹ 4,920 / 3,788 Stock P/E 22.2 Book Value ₹ 1,248 Dividend Yield 0.62 % ROCE 14.1 % ROE 11.5 % Face Value ₹ 5.00 Debt ₹ 1,729 Cr. EPS ₹ 219 PEG Ratio 2.01 Promoter holding 26.7 % Intrinsic Value ₹ 2,359 Pledged percentage 0.00 % EVEBITDA 12.8 PROS Company has reduced debt. Company is almost debt free. Company has been maintaining a healthy dividend payout of 21.6% CONS Stock is trading at 3.89 times its book value The company has delivered a poor sales growth of 8.70% over past five years. Company has a low return on equity of 12.2% over last 3 years. Well i have done my analysis, Seen neat and clean Breakout (Price and action), MACD bullish crossover, 200EMA all giving buy signal in Dr. Reddy' Lab. i am expecting 20-25% returns safe next 3 to 6 months. If anyone wants to go long can go from given levels on chart. Please follow strict stop loss. If anyone really like my work please like and follow me, and also comment me your thoughts also. Thankyou.:-))
NSE:DRREDDYLong
by TraderRahulPal
DOCTOR REDDY BULLISHDoctor Reddy is looking very bullish on daily chart by breaking a strong resistance zone and gives a close above on that also we are getting a highest closing of 14 months in last trading session on Friday so the price is indicating that this momentum will continue in it and we can go long for the target of 4847 with the stop loss of daily candle close below the resistance zone and that is 4575. 𝑵𝑶𝑻𝑬- 𝑶𝑵𝑳𝒀 𝑭𝑶𝑹 𝑬𝑫𝑼𝑪𝑨𝑻𝑰𝑶𝑵 𝑷𝑼𝑹𝑷𝑶𝑺𝑬
NSE:DRREDDYLong
by Sonia-Singh
[Positional] DrReddy Sell Idea Note - One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells at "where" to act in "what direction. Unless it triggers, like, let's say the candle doesn't break the level which says "Buy if it breaks", You should not buy at all. ======= I use shorthands for my trades. "Positional" - means You can carry these positions and I do not see sharp volatility ahead. (I tally upcoming events and many small kinds of stuff to my own tiny capacity.) "Intraday" -means You must close this position at any cost by the end of the day. "Theta" , "Bounce" , "3BB" or "Entropy" - My own systems. ======= I won't personally follow any rules. If I "think" (It is never gut feel. It is always some reason.) the trade is wrong, I may take reverse trade. I may carry forward an intraday position. What is meant here - You shouldn't follow me because I may miss updating. You should follow the system I share. ======= Like - Always follow a stop loss. In the case of Intraday trades, it is mostly the "Day's High". In the case of Positional trades, it is mostly the previous swings. I do not use Stop Loss most of the time. But I manage my risk with options as I do most of the trades using derivatives. =======
NSE:DRREDDYShort
by Amit_Ghosh