Drreddy will give a short breakout Below 3033 it can go to level Downside level till- 3000 Upside safe level- 3060
Month timeframe chart using simple trendlines...a triangular formation awaiting BIG move on either side. Breakout above 3300 and breakdown below 2900. On long term..rally will be treated as a corrective rally..assuming a multi year corrective phase.
Drreddy will give a buy breakout a Above 3090 it will go to level Upside level- 3111 Downside safe level- 3072
I AM BULLISH ON THIS LEVEL FOR FURTHER UPSIDE NEED TO CLOSE ABOVE THIS BAND
Drreddy is giving short breakout below 3219.60 for the tgt 3178 if do not break 3254 on upside.
DR Reddys Labs after hitting a high and sudden nose down, its is continuously trading in channel and stock hit the channel resistance and now is approaching to its channel support around 3100.00, risky trader may enter short in this stock at CMP, conservative trader may wait as it may retest the resistance 3400.00 again and short there if breakout doesn't occurs.
The stock has given a positive breakout of the major resistance level of 3308, and has closed with the positive momentum above 20,50,100 and 200 Day moving averages. Stock has also given positive tenken keijen crossover along with the Chickoo cross. Expect stock to Rally in the coming weeks.
dr reddy boom with strik sl 2898 buy only buy
There was a gap down observed on daily chart which is been not filled up for a long time. Now the price action breaks out from a rectangular consolidation and shall reach out to 3280 levels in order to fill up that GAP. Target: 3280 Stoploss: 3070