DRREDDY Levels for 22-FEB-21(Intraday) Buy above 4700 for 15,40,70+++
Sell below 4655 for 15,40,70+++
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All views for Educational purpose, Trade at your own risk
DRREDDY trade ideas
DRREDDY GOOD LONG CANDIDATEDrreddy spot cmp 4630
Falling Trendline demand zone around 4585 to 4610 levels
Inside candle breakout and reversal seen in counter..
RSI giving breakout from contraction zone,,
Good long candidate in the give range
view gets violated below 4560 on closing basis..
Can move much higher levels..
Watchout for trendline breakoutThe stock has reversed and testing its trendline. Go long above 4761.5 level
DRREDDYDRREDDY: Looking Good
Expecting Support Level Bounce Back to Bullish
Buy Above 4625 Add Until 4400 Stop-Loss 4380
Target 4800-5000-5200-5400-5600+++
Positional Call
DRREDDY Levels for 18-FEB-21(Intraday) Buy above 4625 for 15,40,70+++
Sell below 4585 for 15,40,70+++
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All views for Educational purpose, Trade at your own risk
DrReddy - Bullish Bat PRZ 4675-4700 Target Upside
4760
4860
4900+
Note - Pattern not be traded if falls below 4650
Last Idea - Selling The Tops - 4900 - Just Missed Downside Target -4625
Dr. Reddy'sDr Reddy's: Buy the dips at 46XX zone for new ATH. SL 4560 sustain.
Alternately, if keeps going up without consolidating around 46XX, short at 5000-5150 zone for new low.
CMP 4800 no trade zone.
Rebound Expected !! in Dr ReddyIts on its Good Support !! Nice time to Buy here.
Accumulate for Lorg term.
Dr. Reddy : Efficient PricingDescription mentioned on chart .
Comment for any query ! will be happy to help .
DRREDDY Levels for 16-FEB-21(Intraday) Buy above 4720 for 15,40,70+++
Sell below 4665 For 15,40,70+++
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All views for Educational purpose, Trade at your own risk
Cup and Handle FormationThe stock is making a cup and handle pattern and looks good positionally above 4920 level.
DrReddy- Selling from Tops @ 4900 (Target-4625)Plan B - Selling close from 4900 as per last idea
Last Idea- Taking Rest (Triangular Pill)
DRREDDY Levels for 10-FEB-21(Intraday)
Buy above 4900 for 15,40,70+++
Sell below 4830 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
Sell DrReddy Near 5000The stock looks good to sell near 5000 with the SL of 5125 for the targets of 4850 and 4700.
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
Polarity + EMAConfluence#DRReddy notices EMA confluence and trading near polarity zone. Would like to go #Short with hedging near 4950-5000 levels for a good R:R trade. SL = 5182 on closing basis (as the trade is hedged longer SL). Target 4826/4668.
buy dr reddylooking very bullish in daily charts.
buy above 5250
SL 5150
Target 5500
R:R = 1 : 2.5
options :
- Buy DR reddy Jan 5500CE at 100-105
SL 50
Target 200,250
