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.
Looks like Dr Reddys will try to test the following targets Target1 : 5625 Target2: 6205
drreddy cup and handle formation can look for 6000-6100
Script is brekaout from the raising wedge in monthly , weekly with good bullish sign. And also in intrady consecutive three days bullish with good raising in volume. Definitely it will go to the short term target of 6556
In the Weekly Chart of DRREDDY , we can see that; it is leading towards Trendline breakout. Expected momentum is shown in chart.
#DRREDDY trading above Resistance of 5967 Next Resistance is at 6474 Support is at 5390 Here are previous charts: Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined. Disclaimer: This is for demonstration and educational...
Dr Reddy's ascending triangle pattern breakout just wait for retrace or just risk to reward
Dr Reddys Laboratories Ltd. Sector: Pharmaceuticals & Drugs On a monthly & weekly chart script shows a strong bullish trend. This is a stock that is around its 52-week highs and shows a robust trend. in daily chart price in demand zone with RSI divergence shows accumulation in daily zone....
#DRREDDY trading above Resistance of 5614 Next Resistance is at 5967 Support is at 4986 Here are previous charts: Chart is self explanatory. Entry, Resistances and Support are mentioned on the chart. Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please...
The first way to spot a possible breakout is to draw trend lines on a chart. To draw a trend line, you simply look at a chart and draw a line that goes with the current trend. When drawing trend lines it is best if you can connect at least two tops or bottoms together.
The above information does not constitute investment/trading recommendation and it is purely for educational purpose. Please check the Strategy below... SWING Trading Strategy: Position is created, only upon stock closing above the entry price on day closing basis and is held on for 5-10 trading sessions for larger gains (5-10%) INTRADAY Trading...
DR REDDY looking good. Wait for ABOVE level weekly time. buy after above weekly candle close. please wait for weekly candle close. NOTE- Only for Education Purpose. Please Give A Like If You Like FOLLOW FOR MORE
1. Annual Revenue rose 16.78%, in the last year to Rs 25,725 Crores. Its sector's average revenue growth for the last fiscal year was 8.64%. 2. Annual Net Profit rose 106.52% in the last year to Rs 4,507 Crores. Its sector's average net profit growth for the last fiscal year was 2.34%. 3. Debt to Equity Ratio of 0.05 is less than 1 and healthy. This implies that...
Directional Signal- Double top is a directional signal present on the ADR of the counter. This is a bearish set up. On the other hand the stock has already given a breakout in NSE chart on the right. This is a big divergence. Fib Analysis- The previous swing analysis is telling me this rally is not to be trusted. RSI- RSI on the two time frame charts in the...
Dr Reddy's laboratories upside movement possible Buying above the 6000 Stoploss 5509 Target 7487