DRREDDY trade ideas
Dr Reddy's Flag / Darvas BOX BreakoutLong consolidation Breakout
small Stop loss
Better Risk Reward Ratio
DRREDDY Levels for 05-JUL-21(Intraday) Buy above 5605 for 15,40,70+++
Sell below 5550 for 15,40,70+++
Maxmium expected trend drawn..
Can comment or ping me for any query or live updates
All views for Educational purpose, Trade at your own risk
Setups are not as important as you thinkSetups are a very small part of what is necessary for a complete trading system, yet people still claim their setup conditions are their systems.
When you see the setups in stock, you have an increased probability that the stock will go up. But it is through position sizing strategies &
managing the ratio of risk to reward throughout the trade that produces great profits in the trade.
DR REDDY: Positional & Swing Pick!!!
Method:
Support & Resistance role reversal
Risk Management:
Risk only 2% of your capital
Buy 30% of your position at CMP, and wait for the pullback, if the price respects the level of 5500 execute your 70% position.
Mindset:
Note= Trade with probabilistic mindset, no matter how much analysis you do there is always a 50-50% chance.
Our main objective is to ''Cut your losses short and let your profits run.' '
Remember to be profitable you don’t have to be right every time,
you just have to be right big and wrong small.
Can Rally Continue?!........crucial resistance of 5500 is taken out(on weekly time frame also)......
RSI is also strong and taking support at 60....
added 30% quantity, rest i will add only after re-test(risk-reward, money management)...
comment if you have any doubts...
do like and follow for more such updates....
Inverted Head & Shoulders in Daily chart
The stock has created the inverted head & Shoulders pattern in the daily chart. Short term targets are 6200 with an SL of 5200.
REVERSE HEAD & SHOULDER PATTERN IN DRREDDYDRREDDY formed reverse Head & Shoulder pattern in daily TF.
Its safe to enter above 5515, for targets of 6000, with SL of 5400.
Thanks
Yuvaa Trades
Dr REDDY TARGET ACHIEVED..Superb move approximately 10% above @ given level... chart attached.. NEXT TATAMOTOR, IRCTC, BAJAJ FINSERV.. WAIT N WATCH OR PAPER TRADE ON CHARTS...
DRREDDY : MomentumDRREDDY : Momentum
Crossing above 5415.5, we may see 5,445.7, 5,486.5
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Disclaimer
I am not sebi registered analyst
My studies are Educational purpose only
Please consult with your Financial advisor before trading or investing
Dr Reddys lab - wait for tomorrow's breakoutDr Reddys lab is in the triangle pattern and going to take its breakout, so give an entry with appropriate Stop loss only after the breakout
🔴DISCLAIMER
***** It's just for an educational purpose and so you must also follow your own technical analysis before taking up the trade ******
Aggressive traders enter at the breakout and conservative traders may give entry after retracement (Retracement is optional, we cannot expect every stock to take a retest after the breakout, it may also continue to have its bullish pressure after the breakout)
After reaching our targets, trail your stop loss to get maximum profit from the stock in a single trade
Reverse Head and Shoulder Reverse Head and SHoulder pattern is vissible in DRReddy on all time frames , the breakout has happened during today's trading session,irrespective of bearish market sentiments.
If the prices remain to hold above neckline then target can be 6500.
DRREDDY Levels for 01-JUL-21(Intraday) Buy above 5435 for 15,40,70+++
Sell below 5400 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 WILL SOON TOUCH ATH DRREDDY IS SHOWING STRENGTH AND SOON GIVE A NEW ALL TIME HIGH . KEEP A COSE LOOK INTO THIS AS SOON AS IT PASSES 5500 MARKS .
DRREEDY Levels for 29-JUN-21(Intraday)Buy above 5415 for 15,40,70+++
Sell below 5370 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's - Monthly chartAfter seeing a strong breakout with lifetime high volumes in September, the stock was consolidating a bit for 3 months followed by a retracement in January.
In Feb it took monthly support at 4380 and bounced back strongly.
I personally expect this stock to outperform its peers in the upcoming months.
High of Good volume candle is 5512.
So my gut feeling is, it will take a month or two to reach those levels & then fly high on a monthly close above 5500.
Positional view target : 10000+
Dr Reddy - Potential Break OutDr Reddy is at Potential Breakout, Keep an Eye. As sson as Pharma sector breaks, this will be first to run
