DRREDDY trade ideas
will c, if it 'end's up diagonally!keep lookout for candle pattern at end of diagonal. a big pin bar there may pin the hint of probable direction.
DRREDDY Levels for 18-NOV-20(Intraday) Buy above 4805 for 15,40,70++
Sell below 4770 for 15,40,70++
Can comment or ping me for any query
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DrreddyShort if it breaks 5110 , safe players short. Below 5085 or 5050.
Big gap to be filled.
Looks weak for me
DR REDDYit just crossed 200ema(15min timeframe)
wait for retest if u r swing trader
otherwise go long take one pivot point(atleast )
stoploss below 200 ema
DR REDDY NEXT MOVE Any of my investment or trades I share on my view are provided for educational purposes only and do not constitute specific financial, trading or investment advice. ... You must be aware of the risks and be willing to accept them in order to trade or invest in markets. Don't trade with money you can't afford to lose.
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Also pls provide any suggestions if you don’t like my idea I am open for my criticism also.
Swing trade oportunity in DR reddy the stock is following a trend line from some months a there are high chances that the stock will take a bounce from the support line
Short-term investment stocksWe can look for the Buy entry in zone.
Reasons:
- the price can bounce off the Key level;
- the Trend Line is additional support;
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DRREDDY Levels for 12-NOV-20(Intraday) Buy above 4900 for 15,40,70++
Sell below 4865 for 15,40,70++
Can comment or ping me for any query
All views for Educational purpose, Trade at your own risk
LONG DRREADYDRREADY IS IN BULLISH WOLFE WAVE CMP 4735 FOR 4958/5110/5320/5475 VIEW INVALID BELOW 4550
Trading the results coupled with technical analysisEver since the breakout in DrReddy, the stock has been consolidating for quite a long time now.
It has been trading in a range since 18 Sep. Consolidation is is confirmed by the lower volumes after the breakout.
Q2 results are above expectations. I am hoping a breakout tomorrow.
Also, I've been waiting for the stock to come close to the trendline. This is the perfect time to enter.
DRREDDY Levels for 11-N0V-20(Intraday) Buy above 4715 for 15,40,70++
Sell below 4690 for 15,40,70++
Can comment or ping me for any query
All views for Educational purpose, Trade at your own risk
DR REDDY LOOK OUT FOR THESE LEVELS!!! ALL THE LEVELS ARE MARKED ON CHART, RED ZONES DENOTES SUPPLY ZONES AND GREEN IS FOR DEMAND ZONE .
STOCK HAS EARLIER TAKEN SUPPORT FROM 50 DAILY EMA BUT IT WAS NOT ABLE TO MAKE HIGHER HIGH
The indicator used:
1) Daily Lines plots Daily 20 & 50 EMA on lower time frame charts
2) TE-REKAB
- PB : PULLBACK
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The analysis is my POV, hope you got bucks in your pocket to consult a financial advisor before investing :P :)
HAPPY TRADING!
Dr Reddy LongBuy after 1 week. let the price correct bit more buy 2 or 3%.
Buy @ 4850
with target of 25% return in a month or two month.
Reason:
1. Support at 50 EMA
2. Trendline support (Demand zone)
3. Results are better than expected.
DRREDDY Levels for 06-NOV-20(Intraday) Buy above 4975 for 15,40,70++
Sell below 4940 for 15,40,70++
Can comment or ping me for any query
All views for Educational purpose, Trade at your own risk
