Explained on the chart itself. Can buy/accumulate on any rise/dip/sideways movement with proper risk management. DISCLAIMER:This is my personal view-not a trading recommendation. GO AS PER YOUR OWN UNDERSTANDING. ...
Go Long above 4703.4 for Targets of 4944.8, 5186.2, and 5427.6 with SL 4462
Reasons to go Long :
1. On a Weekly timeframe if we draw the Fibonacci retracement tool from recent swing low (point A) to recent swing high (point B) then we see stock took support from 0.318 Fibonacci level.
2. Also a bullish candlestick pattern Bullish Engulfing (marked with orange...
Potential Opportunity as Swing Trade in RELIANCE INDUSTRIES
Risk : Reward - 1:2
Entry - 4705
Stop Loss - 4590
Target - 4935
This is for Educational Purpose only, apply your prudence & consult your adviser before any investing.
HAPPY TRADING...... :)
#nse #swingtrade #nifty #drreddy #nifty50 #bullishflagbreakout
Crossed all moving averages in last 3 days
Buy at CMP- 4900
Target- 5045, 5147, 5276
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Disclaimer- We are not SEBI registered advisor.
Charts and views are only for educational purpose.
DR Reddy is reacting from a Monthly Demand zone and having Trendline resistance, if a day candle closed above 4780 we can look for long for the targets of 4900 and 5000 in short term with stop loss of 1hrs swing low once the trendline breaks.
This is just for educational purpose do your own analysis before taking any trade.
Potential Opportunity as Swing Trade in NSE:DRREDDY and also predicting positive for long term investment.
Price touches multiple time at resistance, its gave break-out the trendline with STRONG GREEN CANDLE then we can predict bullish rally onwards.
SWING TRADE - RISK TO REWARD - 1:2 ( NSE:DRREDDY )
ENTRY - 4750
TARGET - 5070
STOP LOSS - 4590
This is for...
DRREDDY after sharp fall due to weak Q1 results, now consolidating with descending triangle pattern. Took support near 4450-4490. now lets see whether it breaks support or bounces up to break descending resistance line..