DRREDDY trade ideas
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
DRREDDY Levels for 09-FEB-21(Intraday) Buy above 4900 for 15,40,70+++
Sell below 4840 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
DRREDDYNote:
1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline, not the big target...
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Keep an eye ladies and gentlemen. Cheers and Happy Trading.
Drreddy made high of 4830 From 4640 Within 2 Days(as predicted )Drreddy as mentioned before 2 days that it will took support from 4630 and Next Resistance in 4695 and after crossing this Resistance made high of 4830 within 2 DAYS
Dr ReddysDr Reddys
positive reversal
good volumes
Avwap rejection
38% fib rejection
Monthly RSI took support at 60
weekly rsi took support at 40
Target 6280 after 5510
DRREDDY GOOD LONG CANDIDATEDrreddy spot cmp 4740
Counter have given breakout of flag and pole pattern,, longs can be add around this levels,, targets can be around 4970-5000 levels..
DrReddy -Taking Rest Triangular Pill Hope you enjoyed 4470 to 4700+ move as per last idea published
DrReddy taking rest with Triangular Pill
Plan A
Buy Close to 4600 in 4615-4630 zone (Avoid Buying if falls below 4600) -Expect Target - 4760 / Above 4760 for 4875-4900
Plan B
Sell from the tops if halts or stops in 4875-4900 zone (Avoid Selling if crosses above 4900) -Expect Target Downside 4625 & below 4600 for 4300-4350
DRREDDY Levels for 04-FEB-21(Intraday) Buy above 4685 for 15,40,70+++
Sell below 4635 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
