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 🙏🙏
Levels 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.
a 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 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
Dr 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%
see chart
may go upside 4750-4800-4850
negation below 4530 clossing
Educational purpose only.
This is not a recommendation -
I am not SEBI registered - Do not TRADE/INVEST basis what I publish here.
Inspired by - Trading Mirror telugu
According to chart analysis we got the one opportunity to buy this stocks if it breakout @5000 with increasing volume then buy it for target 6000++.
According to fundamental its very very good stocks for investing in coming days.
(Very HIGH Convication) Chart is very bullish form now.
BUY @5000 or above
TARGET 6000+++
Note: This is short terms target.
short term sell below : 4630
target @ 4050
stoploss above 4780
last 14 months this stock is trading in between a strong supply and demand zone. excepting a previous level of support 4050 to 4000 in a couple of weeks. current global cues are in negative mode.
