Buy above 4870 for 15,40,70+++ Sell below 4800 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
Expecting Drredy to bounce back for targets of 5075 soon with stop loss of 4725, currently trading at 4850 ! ( RR 1:2 )
one should go long on current levels with SL of 4730 for the tgt of 5000/ 5150
Analysed levels mentioned on charts Regards @MrAkshatP
👉 Stock 1- #DRREDDY 👉 Sector - PHARMA 👨🏻🏫 Analysis Timeframes - Hourly and 15 min (Intra) 🎯 Commentary - It has been strongly reversed to downside from 5000 Level and it also showing strength in downward direction and has 4750 Level as its next barrier as Hourly Timeframe If it breaks and sustain Below the CRITICAL ZONE it may start continuation of Downtrend...
DR REDDY entered the ichimoku cloud today which is a positive sentiment. should move up along with other pharma stocks. targets are mentioned on the chart. risk to reward ratio is very favorable here.
Dr Reddy has given a good breakout from 200MA and taken decent support yesterday. Strong Buying may continue for this month. BUY ABOVE 5080 ::::SL 4850-4800 :::TARGET 5220++5450++5600++ THIS IS JUST FOR LEARNING BASIC ... DO TRADE & INVEST IN THE MARKET WITH YOUR OWN RISK. STAY SAFE::::STAY WEALHTY ===
A channel within a channel. A breakout from the smaller channel (5150 and above) can easily take the share price to 5600 and above.
Suggestions are based on my analysis only. Please do your analysis before taking any trade.
Note: This is for educational purpose only. Please do not trade in F&O based on this analysis. There seems to be formation of Inverse Head & Shoulders. If the neck line is broken, we can initiate a buy in cash. RSI above 65 indicates bullish momentum. Moreover, the stock has more relative strength as compared to Nifty 50. SL: ₹4825
Cross with strength candle 4996.50 leads to 5194 Powered by shunting
DR REDDY is on its great breakout. May be it's greate opportunity we can see in few more days. Its for the holders to get that fast movement.
Dr Reddy's might take a Support near the trend line . Present Volumes is nearing 20 MA breakout. Bearish Trend only when there is Comfortable Closing below 4200 levels. Till then go Long and Accumulate on all Dips. Disclaimer: This chart is for educational purpose. Please consult of your financial advisor before investing.
Inverted Head & Shoulders on the daily timeframe. Up move is expected very soon.
its broekn, the trendline, looks like H&S, and c&H,
trade with stops manage risk secure profits be smart happy trading
Note: 1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR. 2. Always remember SL is your lifeline, not the big target... 3.Follow us for more patterns and like, share so that we feel it is helpful to many and share more patterns... 3. Views given here is not a tip rather it is for educational purpose... Aftermarket...
DRREDDY Ready to fire Given Entry. Trade Setup - Monthly Target Given on Chart