RSI Divergence - Regular & HiddenThe price is moving in parallel channel as can be seen. So suppose once it reaches the lower line/ support, how to verify whether we can go long or we need to short. RSI Divergence comes handy here. We already have one confirmation that since price is moving in a channel and the lower line does seem to be support so it may bounce back.The next confirmation comes from RSI Divergence discussed below. CASE STUDY 1 - RSI Positive Divergence We observe a positive divergence in RSI opposite to negative/downward movement of price. In case of regular positive diveregnce ( where RSI moves upward making higher lows , opposite in direction to price's lower low movement , it is better to take a long position. Well that worked and the price bounced back. Case Study 2 - RSI Hidden Divergence Here as we see a positive hidden divergence where the price is making higher lows and the RSI is making lower lows. No that hidden divergence indicates " Trend Continuation ". So the price kept moving up and up and may move to the upper parallel line. The price may make a downward move once it reaches the upper line. Please correct me if i am wrong.Educationby Shadab_07Updated 442
BROADENING FORMATION : DRREDDY'S LAB NSE:DRREDDY Broadening formation / Expanding triangle. A short-term bullish continuation pattern. A breakout above the resistance line with good volume can be bullish. Not a Trade Advice or Recommendation. Do your analysis or Consult your Advisor. Longby SANJAYPATIDAR_Updated 4
Dr reddyGiving good BO above 5400 (Day Closing required) Will leads This counter towards 5550 5700 Check risk reward brfore making any entry Longby Mahesh_Walse0
DRREDDY Levels for 10-JUN-21(Intraday) Buy above 5241 for 15,40,70+++ Sell below 5210 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 by ChandraBose20020
Potential Butterfly It may form a butterfly pattern if begins an up NSE:DRREDDY move from here by STOP-L0SS0
DRREDDY Levels for 07-DEC-21(Intraday) Buy above 5260 for 15,40,70+++ Sell below 5230 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 by ChandraBose20020
DrReddy at reversal point.Support and resistance marked on the chart. Target is also given with SL. Play at your comfort. Note: The above is strictly my view and not a trade recommendation. Consult your financial advisor before making any trade.Shortby The_Trader141
#Drreddy cash : Breakout above 5400 levels#Drreddy cash -Positional call for 12 months 02.06.2021 Looks good and huge breakout above 5400 closing for 6200/6800 .. it may breakout in next 1 week. Cmp 5312.35Longby anandnst4
Drr reddy forming a ascending triangle patternDr reddy is at resistance if it breaks then we can see a good upmove.Dr reddy can be buy for short term for up to 10%.by Nitinbansal010
Inverse Head & Shoulder on the way ?Do let me know your views on Dr. Reddys Chart. Feel Free to share your feedback and queries. Do visit my profile and follow me for upcoming posts. by mastermukund4121218
Watch out for Dr reddy News based StockWatch out for this stoc in news, may go upside for good targets. Only for educational purpose.Longby Clear_trading0
INVERTED HEAD & SHOLDER PATTERN BUY 4465 TARGET 5341 Reason For Buying This Script : In weekly time frame it has formed HEAD & SHOLDER PATTERN Now price has to come down buy at dip around 4665 . Once if neck line break and close above the neck line in weekly or monthly time frame means further we can go for buy and the target is 6618 to 6742. In monthly time frame it has broken the box break out . Note: Above given levels are based on monthly & weekly time frame . So be patience it will take some days to achieve the target. ALL THE BEST...Longby dayanithi5554
STOCK FOR TWO DAYS DR REDDY Good evening friends, Please watch video for details as today we will be posting more videos We are just expressing our opinion on the script and no recommendation is there. Regards.Long02:38by GROWINGWEALTHM0
DR REDDY BUYDR REDDY Now at Support Also broke above trendline & retesting perfectly Fundamentals also look positive Use Green lines as TP'sLongby vineet_miskin2