DRREDDY trade ideas
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.
Drreddy in a ChannelDrreddy is trading in a channel, Is at Support in the channel, lets wait and watch the Trend
DRREDDY Short and Long IdeaPrice is consolidated in a range. For trade entry level mentioned on chart.
DR reddy short termMultiple bullish pattern on chart which indicate a best candidate for short term
Next target could be till next resistence which is @ 4800-4900 range
Dr Reddy Cmp 4751 dated 26-11-2021Dr Reddy Cmp 4751 dated 26-11-2021
1. Buy above 4770 for a tgt of 4900-4980-5025-
5075 SL 4585
It is just a view, pls trade at your own risk.
Expecting Breakout ✌✌✌This scrip is expected to give breakout in the coming days as it is on the verge of breakout. So traders keep on your radar to catch the momentum. Thanks to all 🙏🙏
Dr Reddys Swing Trading ChartHi guys, this chart is for educational purpose only not for sale... plz do your own analysis too.. Thank Q
Dr Reddy- long set upLevels are mentioned on the charts. Stock may show a comeback this time. The risk-reward ratio should be maintained wisely.
Only for learning and sharing purposes. Not a bit of trading advice.
Please comment with your views.
DRREDDY (Reddy lab) trend analysisa long trendline at bottom respected every time for a turn around + support of 400 EMA confirming the support
upper side very close to breaking 200 EMA
waiting at higher level just below 200 EMA very stable even in this volatile market
wait till it breaks 200 EMA
target 5000 - 5051
if breaks above 5000 can even try and test all time high
Just for educational purpose
Dr Reddy - Breakout CandidateDr. Reddy could break out of this TL and then be ready for an up move. Swing traders can keep it on their watchlist for a good RR trade.
DR REDDY - Wait for trend line breakTake positions in DR REDDY once the trend line breaks on either sides. I think we'll see a breakout soon as the results were quite good.
Dr Reddy Labs-Channel FormationDr Reddy Labs is moving in channel formation with its support on 4380 & resistance on 5500.
It is looking good/safe for swing trading.
Dr Reddy - Chart PatternDr. Reddy showing 2 chart patterns on weekly charts :
1. Symmetrical triangle
2. W-pattern (can you see it) or double bottom pattern
Wait for neckling break above 4960 on closing basis. TGT - 5400 on positional basis
#risinglows
#goodvolumes
Drreddy LongDr reddy has been taking support on trendline and is again on trendline showing some reversal. Conservative traders can go long after stock crossing 4900. Aggressive and long-term holders can enter now with SL below the trendline. If it goes as per plan swing target could be 20%
