DRREDDY trade ideas
Dr Reddy's Lab AnalysisOne of the most Lagard stock in the market. gave a 100+% returns in 6 months after the crash but after than its been a year there's absolutely no returns/ disappointing returns, Often rising up in intraday and falls back after some time. Being a Pharma Stock, this one underperformed too much. anyways
very good support at 4400, absolute support at 4000-4040. it is gonna take really long time to see good returns from this stock. This stock is best for swing and intraday trading, even Shorting.
DRL couldn't even recover from the huge intraday fall, for the last 2 months.
if it sustains above 5000 can expect good short term returns.
P.S: It won't happen any sooner, the stock has given Head and Shoulder pattern, Bearish mode continues.
Investors, if you're in profit, Book as soon as possible.
Dr reddy - buybuy < 4670 upto 4600
easy tg - 4800
tg2 - 4900
Disclaimer : This is my personal analysis for study purpose not intended for trading
Drreddy LongDrreddy Long
Crossed all moving averages in last 3 days
RSI-67
Buy at CMP- 4900
SL- 4802
Target- 5045, 5147, 5276
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Charts and views are only for educational purpose.
DRREDDY with Descending TriangleDRREDDY 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..
To be a Good ROI in 1 Year !Given the Covid situation, 2023 is going to be really good for pharma co.s.
Levels for the stock are given in the chart.
THE DR IS READY TO TAKE ON ANY ADVERSITY. R U?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. NB:Don't forget LIKE button.
Dr reddy's has potential break outDr reddy's broke the pattern with good open interest and with open=Low
Dr Reddy's Lab Trendline Breakout BullishDr Reddy's gives a breakout from a falling trend line. Go long for a target of 5050-5070.
ascending triangle popup + 100 Day MA Stock name - Dr Reddys Labs
SL 2-3%
tgt - recent swing high i.e 7-8%
It gave breakout from ascending Triangle Pattern with good volume
SWING TRADE - R:R - 1:2 - DR REDDY LABS (NSE:DRREDDY)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 Educational Purpose only, please apply your prudence & consult your adviser before any investing.
#nse #swingtrade #nifty #drreddy #riskrewardratio
DrReddys - ShortDr Reddys - Sandwich Trade Short near 4520 with SL 4640, Buy near 4270-90 with SL 4140
DRREDDY important levels foe long term investmentDRREDDY important levels foe long term investment
Disclaimer: All charts are purely for educational and information purpose only. Invest or Trade at your own risk.
Buy at 4568 SL 4475 TGT 4725 and 4833Suggestions are based on my analysis only. Please do your analysis before taking any trade.
Dr. Reddy’s is at retest levels to go up or down …. Dr. Reddy’s is at retest levels to go up or down ….
Reasons/Traits :
• Bearish Cypher harmonic pattern is getting formed, to complete this pattern, trend will be up
• 200 MA is tested and 0.5 Fib levels are rejected and 0.382 Fib levels giving support in last couple of days
• Currently 1350 support taken, where 5 EMA is crossing 20 EMA and 200 EMA from bottom (currently all 3 at same place)
• 4850-4950 levels need to be broken to move down or up respectively
What can happen next :
Scenario 1 : An upside break out of 4950 can take price to 5100/5250/5400 levels to complete harmonic pattern
Scenario 2 : A downside break of 4850 can lead to the testing of 0.382 Fib levels
4850 is an important level, let’s see..
Disclaimer : This analysis is only for educational purpose and not be considered as any trading idea/tip. Please consult your financial advisor before you take any trade and we are no way responsible for your profits/losses. Thank you!
Dr. Reddy Laboratories Ltd above 4584.9Strong Buying Zone between 4565 to 4572. Buy with Stop Loss 4565
Double Bottom formation in Dr. Reddy Lab.Double bottom formation Low of 4445.70 on 24/08/2021 and again Low of 4441.3 on 07/12/2021 on Daily chart. Accumulate this share in any decline for the TARGET of 4900 - 5000 with a stoploss of 4439.3
Sell below 4581 SL 4618 TGT 4556Suggestions are based on my analysis only. Please do your analysis before taking any trade.
