Sold 4200PE of August series of DRReddySold 4200 PE of Aug Series of Dr Reddy @17.6
So Lower BEP = 4182.4
Margin Blocked = 68000
DRREDDY trade ideas
A technical analysis on Dr Reddy's LabAs you can see I am trying to guess the future of the stock, its just my theory on seeing the previous charts, as you can see it has taken good support from the green zone(support zone) in cpr, so an entry at that point would be perfect and go long on the stock for 3 month for return of more than 2000 per share, patience is the key. It will form a head and shoulder in 2 months or less and go for a breakout which will give amazing results. Stock market nowadays is sometimes bearish and our analysis could also go wrong so have a stop loss, Have a good day.
Support and ResistanceAs we can see there is a very good support zone.May be it can take support from here or it can break the support zone.
It is for only education purpose.Do self technical analysis before investing.
DR.REDDY (SELL) levels ...22/08/2021 (W candle)Dr.REDDY forming bearish pattern...so wait for 4100-4200 buying range...once its break 4100...free fall we can expect
Drreddy at Important level to go Long1.Trading Near 400 Ema on Daily TF
2.at important Support level
3. Trading at 68 % fib retracement level
Can expect an Upmove soon !!!
sun pharma will go down moresun pharma broke weekly trendline and took resistance at the trendline, it should go down more
DR reddy d tfDRreddy positive reverse divergence (PRD) on daily time frame fibo 61% support stoploss @ 4632 trailing target 5250-5300 holding 2-3 months
DRREDDY appears to be bullish in few daysDRREDDY is entering nearby support and yet to be bullish. Keep an eye on DRREDDY.
RSI Divergence in Dr Reddy LabsRSI Divergence in Dr Reddy Labs
Good Buy at this Price
Short Term Target 4850, 5000, 5144
Dr. Reddy laboratory 1d time framedr.reddy all levels are mention on chart
All trading strategies are used at your own risk
MEDICINE MAN WAVING RED(BEARISH) FLAGEverything on the chart. This is my take-Not a trading recommendation.. DO YOUR STUDY BEFORE JUMPING INTO TRADE.
Go long Showing some strength
Cross above 20 and 50 sma hourly chart
Some weak on higher time frame but
For swing trading hourly time frame going to breakout after oversold make a good to reward
This analysis invalid if it's break day low
DRREDDY: Target 2700DRREDDY has broken through the short-term resistance, after taking support at the long-term support line, which coincided with the 50-EMA. Target of 5700, with a closure below the stop-loss line as the stop-loss, could be on the cards.
Extreme rsi reading nice buy or adding opportunity...../
After making covid low on 22nd march of 2020 ....Daily RSI was made new low....But price is far far away from covid low........is it called RSI divergence?
Dr. Reddys Labs: IntradayDr Reddy's Labs is consolidating in a tight range forming a parallel channel on the 15-minute chart. A fresh breakout/breakdown can give a good move.
Possible Buy opportunity DRREDDY - IntradayPossible buy opportunity on intraday basis. plan trade based on breakout and target the nearest supply zone mentioned on the chart
DRREDDY Levels for 05-AUG-21(Intraday) Buy above 4780 for 15,40,70+++
Sell below 4750 for 15,40,70+++
Can comment or ping me for any query or live updates
All views for Educational purpose, Trade at your own risk
