Dr Reddy - Potential Break OutDr Reddy is at Potential Breakout, Keep an Eye. As sson as Pharma sector breaks, this will be first to run
DRREDDY trade ideas
DRREDDY - AnalysisThe ferocity of 1st of the 5th suggests that retracement for 2nd would complete at 0.38 and hence should end at sub 5000 levels. Overall, the 5th seems to be ending at 6700+ levels.
Disclaimer - This analysis is for you (the reader) to critique and point out errors in judgement, and in the process, making us both learn more.
Dr Reddy Short Term Trading Set up 2The Price has been facing resisitance from 200 EMA . The structure is already provided for reference along with S&R LEVELS. Expecting 5240
The Indicator Used:
1) Daily Lines Plots Daily 20 (BLACK) & 50 EMA (GREY), BLUE (200 DAILY EMA ) On Lower Time Frame Charts. Not Activated.
2) Valuation band
KEYS: Red Faded Cloud: Over Valuation.
Grey Faded Cloud: Proper Valuation.
Green Faded Cloud: Under Valuation.
3) TE-REKAB - Proprietary Indicator
KEYS:
PB: Pullback
Blue Candle: Selling Divergence
Yellow Candle: Buying Divergence
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DRREDDY Levels for 24-JUN-21(Intraday) Buy above 5310 for 15,40,70+++
Sell below 5285 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 23-JUN-21(Intraday) Buy above 5320 for 15,40,70+++
Sell below 5280 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
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Chart Type: Self Explanatory
✺--------------------------- Motivational and psychological area ✺
✣Trade only if you are in the right mindset, if you have been emotionally weak for some time, take your time and don't trade, trade with a happy and + mindset only.
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DRREDDY Levels for 21-JUN-21(Intraday) Buy above 5310 for 15,40,70+++
Sell below 5270 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 LABSooks good for a quick option.
Take trade as per the values given in Fibonacci. always trail the stop loss. do your own analysis before taking trade
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For shorter period bearishDrreddy is now seen bearish it can go till 4700 Rs. One can sell it now and buy from lower level.
DRREDDY Levels for 17-JUN-21(Intraday) Buy above 5415 for 15,40,70+++
Sell below 5375 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 4H, DRREDDDY LABS - Dropped from the price and came back to the Original price it has given a breakout with a good volume and came out of its consolidation zone ,currently it is near its 52 week high.A good upmove is intact in DRREDDY LABS. Looking a good stock to participate in Bull rally in coming days.
Dr. Reddy - CMP: 5461The stock has given an Inverted Head-N-Shoulder pattern breakout. After the consolidation of many days, the price moved ahead. RSI is indicating a continuation of the trend. We can Expect price movement up to 6600 in the near term.
DRREDDY S&R BASED IDEAOnly For Education Purpose --
SELL DRREDDY ONLY Below 5447 >>
Target 5402
Time Frame 2-3 Trading Days.
