DRREDDY trade ideas
Drreddy Bullish ViewNSE:DRREDDY
Levels are on the chart.
This is by no means a trade recommendation.
DRREDDY Levels for 15-JUL-21(Intraday) Buy above 5415 for 15,40,70+++
Sell below 5385 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
Cup and Handle Break Out and retracement finished. Read to long?Cup and Handle Break Out and retracement finished. Read to long?
DRREDDY Levels for 13-JUL-21(Intraday)
Buy above 5500 for 15,40,70+++
Sell below 5460 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 Levels for 12-JUL-21(Intraday) Buy above 5475 for 15,40,70+++
Sell below 5445 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 cup and handle pattern breakoutDRREDDY : CMP 5536
trade set up :
1. buy above 5610 .
2. keep stop loss as 5455 .
3. targets : 5828 / 6060+
buy technical based on :
1. multiple time frame analysis
2. cup and handle pattern
DRREDDY Looks Good !DRREDDY : cmp : 5558
BO done yesterday at 5515 lvl.Trading at ATH lvl.
Making higher highs for 3 days.
Big bullish candle has been formed in D & W chart.
Good to grab on dips.
TGT 5600/5648
SL 5498 clbs
Disclaimer: Ideas for learning Only.
Learn Regularly. Not occasionally.
DRREDDY - Inv. H&S pattern break-out (D)Go long in the range 5,285 - 5,335; STOP below 5,145; Tg . 5,845; 6,225.
Dr Reddy's Flag / Darvas BOX BreakoutLong consolidation Breakout
small Stop loss
Better Risk Reward Ratio
DRREDDY Levels for 05-JUL-21(Intraday) Buy above 5605 for 15,40,70+++
Sell below 5550 for 15,40,70+++
Maxmium expected trend drawn..
Can comment or ping me for any query or live updates
All views for Educational purpose, Trade at your own risk
Setups are not as important as you thinkSetups are a very small part of what is necessary for a complete trading system, yet people still claim their setup conditions are their systems.
When you see the setups in stock, you have an increased probability that the stock will go up. But it is through position sizing strategies &
managing the ratio of risk to reward throughout the trade that produces great profits in the trade.
DR REDDY: Positional & Swing Pick!!!
Method:
Support & Resistance role reversal
Risk Management:
Risk only 2% of your capital
Buy 30% of your position at CMP, and wait for the pullback, if the price respects the level of 5500 execute your 70% position.
Mindset:
Note= Trade with probabilistic mindset, no matter how much analysis you do there is always a 50-50% chance.
Our main objective is to ''Cut your losses short and let your profits run.' '
Remember to be profitable you don’t have to be right every time,
you just have to be right big and wrong small.
Can Rally Continue?!........crucial resistance of 5500 is taken out(on weekly time frame also)......
RSI is also strong and taking support at 60....
added 30% quantity, rest i will add only after re-test(risk-reward, money management)...
comment if you have any doubts...
do like and follow for more such updates....
Inverted Head & Shoulders in Daily chart
The stock has created the inverted head & Shoulders pattern in the daily chart. Short term targets are 6200 with an SL of 5200.
