DRREDDY trade ideas
dr Reddy n very good support level
we can see more upside levels in future in it
Not any recommendation
thank you ..!
Simple Trade Setup | DRREDDY | 26-10-2021 [ INTRADAY]NSE:DRREDDY
Observations:
1) On 1 Day time frame, After Friday's doji candle/spinning top candle, today it made hammer pattern.
Also it has been taking support and closing above 400DMA which is very very major support for any stock.
Only negative thing is that volume was lower than Friday.
Please refer below chart : 1day Time Frame.
Immediate resistance is at 4700 level
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All the levels and most of the trade setup still remains the same as per previous.
Trade Setup for Date 26-10-2021:
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
drreddy quick profit4965 is long target but let candle close above trendline first
trade at your own risk
#drllearning video to show -- how biggies make their position and in pullback how retail get trapped.
DRREDDY breakout established LONG!!Dreddy has given a breakout from the a trend line and looks like it is setting up for a good momentum
Hold till month end October
Entry- CMP
SL 4849
Target - 5430
R:R - 1:5
Buy Dr Reddy's LabAccording to chart anylasis swing trade generated in this it trade in parallel chenal. Buy it @4800 or above for target 5000
DRREDDY Levels for 18-OCT-21(Intraday) Buy above 4960 for 15,40,70+++
Sell below 4935 for 15,40,70+++
Can comment or ping me for any query or live updates
All views for Educational purpose, Trade at your own risk
Breakout After the downfall of more than 15% in DR . Reddy , it started to recover. Now it gave a Fresh Breakout from the Trendline. Also Pharma sector too looks good for going long.
long-term pick : buy on trend line / support note : all trading / technical details explained in charts
drreaddy on buy sideHello guys i had find this trade in 15m timeframe which is on good trendline support and also broken the pennant pattern we have a good buying opportunity with very small sl and big tg and good RR ratio also plzz do your own analysis before taking any trading decision. if you like my analysis plzz like share and follow thank you god bless you all
DRREDDY... BUY....The script takes support on the channel line beautifully. Good to enter now for decent profits. A breakout from the channel can be expected soon. Happy trading.
Pharma stocks look good!
DRREDDY Levels for 11-OCT-21(Intraday) Buy above 4870 for 15,40,70+++
Sell below 4800 for 15,40,70+++
Can comment or ping me for any query or live updates
All views for Educational purpose, Trade at your own risk
Drreddy Expected to bounce back soonExpecting Drredy to bounce back for targets of 5075 soon with stop loss of 4725, currently trading at 4850 ! ( RR 1:2 )
Dr reddy : Bullish outlookone should go long on current levels with SL of 4730 for the tgt of 5000/ 5150
📈 Pre-open Chart #PriceAction Analysis by #KRMG (08 Oct)👉 Stock 1- #DRREDDY
👉 Sector - PHARMA
👨🏻🏫 Analysis Timeframes - Hourly and 15 min (Intra)
🎯 Commentary - It has been strongly reversed to downside from 5000 Level and it also showing strength in downward direction and has 4750 Level as its next barrier as Hourly Timeframe
If it breaks and sustain Below the CRITICAL ZONE it may start continuation of Downtrend and has space till 4820 Level
Watch for #PriceAction around important CRITICAL ZONE structural points to plan your trade
🎯 Coming to sectoral pattern - #NiftyPharma is currently showing the downside strength from its ALL TIME HIGH Level
#KRMGPriceAction
#LearnWithKRMG
DR REDDY ICHIMOKU PLAYDR REDDY entered the ichimoku cloud today which is a positive sentiment. should move up along with other pharma stocks. targets are mentioned on the chart. risk to reward ratio is very favorable here.
Dr Reddy long above 5080 Dr Reddy has given a good breakout from 200MA and taken decent support yesterday.
Strong Buying may continue for this month.
BUY ABOVE 5080 ::::SL 4850-4800 :::TARGET 5220++5450++5600++
THIS IS JUST FOR LEARNING BASIC ...
DO TRADE & INVEST IN THE MARKET WITH YOUR OWN RISK.
STAY SAFE::::STAY WEALHTY
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DRREDDY... LOOKS GOOD TO BUY...A channel within a channel. A breakout from the smaller channel (5150 and above) can easily take the share price to 5600 and above.
Dr. Reddy Buy 5026 SL 5004 TGT 5076Suggestions are based on my analysis only. Please do your analysis before taking any trade.
DRREDDY - Inverse Head & ShouldersNote: This is for educational purpose only. Please do not trade in F&O based on this analysis.
There seems to be formation of Inverse Head & Shoulders. If the neck line is broken, we can initiate a buy in cash. RSI above 65 indicates bullish momentum. Moreover, the stock has more relative strength as compared to Nifty 50.
SL: ₹4825
