DRREDDY trade ideas
DRREDDY S&R BASED IDEADr Reddy has taken support at Trend Line. It can fill the Gap between Tread Line and Next Resistance which is at 5000.
Closed just above Trend line support on Weekly Time FrameClosed just above Trend line support on Weekly Time Frame. If manages to break 4780 and closes below it on WTF, expect major profit booking. Those who are still long, be well aware of your SL. On the other hand, it may very well bounce back as well.
Dr reddy - btstBuy from cmp to 4780
easy target 4899
Disclaimer : This is my personal analysis for study purpose not intended for trading
[Intraday] DrReddy Catching the Falling KnifeSTOP Loss is must! Stop Loss is day's low.
Do not buy unless triggers.
Note -
One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells at "where" to act in "what direction. Unless it triggers, like, let's say the candle doesn't break the level which says "Buy if it breaks", You should not buy at all.
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I use shorthands for my trades.
"Positional" - means You can carry these positions and I do not see sharp volatility ahead. (I tally upcoming events and many small kinds of stuff to my own tiny capacity.)
"Intraday" -means You must close this position at any cost by the end of the day.
"Theta" , "Bounce" , "3BB" or "Entropy" - My own systems.
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I won't personally follow any rules. If I "think" (It is never gut feel. It is always some reason.) the trade is wrong, I may take reverse trade. I may carry forward an intraday position. What is meant here - You shouldn't follow me because I may miss updating. You should follow the system I share.
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Like -
Always follow a stop loss.
In the case of Intraday trades, it is mostly the "Day's High".
In the case of Positional trades, it is mostly the previous swings.
I do not use Stop Loss most of the time. But I manage my risk with options as I do most of the trades using derivatives.
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DRREDDY Levels for 26-JUL-21(Intraday) Buy above 5444 for 15,40,70+++
Sell below 5412 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
DR REDDY DR REDDY IS TRADING IN A NEWS RANGE AFTER IT BROKE ALL HIGH'S, NOW IT CAME ON A SAME TREND LINE AND ALSO IT TOOK EXACT SUPPORT FROM 50MA.
DRREDDY : Nice BUY coming soon.. Chauhan's view presents a nice buy move coming up soon..
Do not miss this.
Happy Trading.
Follow me if you have not done so till now, and Click LIKE button please if you like my analysis. Cheers!
DRREDDY Levels for 20-JUL-21(Intraday) Buy above 5442 for 15,40,70+++
Sell below 5407 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
DRREDDY LABORATERIES AT CRUCIAL SUPPLY ZONE DR REDDY IF BREAKS OUT ABOVE 5500 AND RSI SUSTAINS ABOVE 63 HIGHER PROBABILITY OF THE STOCK TO GO HIGH
GO LONG ABOVE -5450-5500
TARGET MIN-5-10%
Dr Reddy Getting ready for Bullish reversal Dr Reddy is at important Support level , might take a reversal soon . Expecting bull run until near resistance
DRREDDY : Supply ZoneAfter bouncing back from demand zone DRREDDY is trading in it's supply zone. Currently it's trading in a parallel channel and on Daily chart it's forming a flag & pole pattern.
Possibility of giving breakout from the flag & pole pattern is very less. But if it gives breakout with huge volume, one can go for a small swing for a target of 5650. But that would be a risky one.
If it gives breakout from the parallel channel, big fall can be seen till 5000.
DRREDDY intraday ViewSell @5362, TGT-5320, SL-5380
Buy @5412, TGT-5442, SL-5400
Works for Positional
Buy 5400 CE when spot reached 5370
