DRREDDY trade ideas
DRREDDY Levels for 03-AUG-21(Intraday) Buy above 4735 for 15,40,70+++
Sell below 4640 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 Monthly bullish Weekly bearish#DRREDDY Look at the monthly for the "good" cup and handle pattern with a bullish reverse momentum divergence. Now look the weekly for the bad/ugly where it is forming a double top and approach neckline. To go for long or short depend on your time horizon for the trade.
DRREDDY Levels for 30-JUL-21(Intraday) Buy above 4710 for 15,40,70+++
Sell below 4640 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
Long side DR reddy Any stock cannot move in a vertical direction upward or downward
Dr Reddy has fallen / corrected pretty well Now this is a golden opportunity for swing trade with a target of 3.5 - 6%
Dr reddy is in now support region as you can see in 1 day time frame it is respecting the support well.
support region 4660-4685 level
Good opportunity !!!!!
#### Take at your own Risk To reward #####
ill post my trade result once my trade complete
DRREDDY S&R BASED IDEADr Reddy has taken support at Trend Line. It can fill the Gap between Tread Line and Next Resistance which is at 5000.
Closed just above Trend line support on Weekly Time FrameClosed just above Trend line support on Weekly Time Frame. If manages to break 4780 and closes below it on WTF, expect major profit booking. Those who are still long, be well aware of your SL. On the other hand, it may very well bounce back as well.
Dr reddy - btstBuy from cmp to 4780
easy target 4899
Disclaimer : This is my personal analysis for study purpose not intended for trading
[Intraday] DrReddy Catching the Falling KnifeSTOP Loss is must! Stop Loss is day's low.
Do not buy unless triggers.
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.
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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.
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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.
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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.
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DRREDDY Levels for 26-JUL-21(Intraday) Buy above 5444 for 15,40,70+++
Sell below 5412 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
DR REDDY DR REDDY IS TRADING IN A NEWS RANGE AFTER IT BROKE ALL HIGH'S, NOW IT CAME ON A SAME TREND LINE AND ALSO IT TOOK EXACT SUPPORT FROM 50MA.
DRREDDY : Nice BUY coming soon.. Chauhan's view presents a nice buy move coming up soon..
Do not miss this.
Happy Trading.
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