Hi Friends, I am giving my personal in-depth analysis of Dr Reddy as per its chart. Please note that these are my personal views. You should consult your financial advisory before investing.
In support zone
cmp:4496
Can buy if next candle break level 4567 (green big strong candle)
Target 1 and 2 (mentioned in chart)
follow strict SL (mentioned in chart)
educational purpose
DRREDDY has been consolidating in a parallel channel. It is now at a support level. Bottom wick suggests the buying pressure.
Tgt and SL mentioned in the chart
Dr Reddy has been taking support at the horizontal line and is taking resistance at 200 DMA. Hope at least this time it breaks the 200DMA. But moving till 200 DMA itself is a good move and sl can be the horizontal support minus some grace points.
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
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...
One 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...
