Dr REDDY LABORATORIES LTD Key highlights: 💡⚡ ✅On 1 Day Time Frame Stock Showing Breakout of Bullish Flag Pattern. ✅Strong Bullish Candlestick Form on this timeframe. ✅It can give movement up to the Breakout target of 7100+. ✅Can Go Long in this Stock by placing a stop loss below 5880-.
Long Dr Reddy for first target -6600 Rs Second Target -7000 Rs
Dr Reddy Cmp 6050 dated 16-4-2024 1. Reversed from Support 2. RSI reversal Buy above 6075 target 6125-6185-6225-6280 SL 5970 It is just a view, please trade at your own risk.
As per my analysis DR Reddy is trading in very good support zone. So, long term investors can consider this stock at this price level. Traders can consider this stock if the daily candle closed above Rs 6220 price. Target 1 - 6500 Target 2 - 7000 SL - 5880 Your feedback is more valuable. Please provide me your feedback in comment section. Note: This analysis is...
shakeout at 6283 ST in sell RS line going below zero CMF also going negative
Grandfather, Father & Son Strategy RSI above 60 for Grandfather (Monthly time-frame) & Father (Weekly time-frame) RSI taking support on 40 for Son (Daily time-frame) Support of Hammer on 20 March 2024 didn't break. (Entry) Hammer Confirmation (Weekly) Above 6211 (Proper SL) SL will be low of hammer (Weekly) below 6034 (Lower SL) If the SL is too much you can use...
stock create a big inverted head and sholders pattern and brackout at daily chart,after brackout this stock retest its brackout jone,and create flag pattern and again brackout...
Dr Reddy CMP 6158 Fibs- the correction to 1829 halted at 61.8% of a major swing indicating that the trend is intact but the rally post that has to be watched carefully. In my view this stock is headed for 8700 which is a good 40% from current levels. One should definitely book profits there.
Reason for long a) Triangle breakout b) weekly breakout c) vwap support d) volume spurt e) Nifty may not support f) W formation g) SL compulsory
DR Reddy is reacting from a Monthly Demand zone and having Trendline resistance, if a day candle closed above 4780 we can look for long for the targets of 4900 and 5000 in short term with stop loss of 1hrs swing low once the trendline breaks. This is just for educational purpose do your own analysis before taking any trade.
Best Place For Investment In DR REDDY LABS Cmp - 4446 SL - 3800 ( Monthly Closing Basis ) Target - 6870 Time Frame - 2 Years
Dr reddy looks all good and checks all the symtoms to have a long trade upon; can be brought at RETEST at 6,000 ; target 6,500 ; stoploss 5,900
📊 DETAILS Sector: Pharmaceuticals & Drugs Mkt Cap: 100,744 cr Dr. 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. TTM PE : 19.27...
The stock is forming nice rounding bottom structure. todays movement suggesting it is ready for breakout. Pre Breakout trades are highly rewarding if executed properly. Disclaimer: This post is for informational purposes only and should not be considered as financial advice. Always do your own research before making any investment decisions. Trading involves...
Dr Reddy has given a huge weekly breakout from Inverted head and shoulders pattern. This stock is a blind buy for investment considering the pharma rally expected for next few years. Add on dips is the best way to accumulate such investment stock. The company has one of the best fundamentals as of date. Stock is available at PE of 20 and PEG of 0.52. the return...
The Doctor is Ready ( Dr Reddy ) Based on Monthly chart with the Parabolic Upside trend ( Purely based on my New STUDY ) , Dr Reddy is Ready for the rally. Tgt 1 : 8412 - 8568± Tgt 2 : 8823± Tgt 3 : 9825 - 9952±. Shared it for EDUCATIONAL/ REFERENCE PURPOSE ONLY. IT'S NOT A BUY OR SELL RECOMMENDATION. DO YOUR ANALYSIS FROM YOUR SIDE ALSO. Don't get biased by...
-trading near resistance and holding ready for next momentum -rise in delivery volume and rsi shows strength -above all crucial ema and sma -keep in radar it can give decent return in mid term
Broken after bullish pattern consolidation. monthly target is still pending price may move to 7050.