DR REDDY TRENDLINE BREAKOUT, ENTER IF BREAKS WITH HEAVY VOLUME VERY GOOD RISK REWARD AND OVERALL VERY GOOD FUNDAMENTAL COMPANY. RSI ALSO SHOWING POSITIVE DIVERGENCE.
DRREDDY trade ideas
DR.REDDY is ready for a breakout...Heavy volumes are seen and you can clearly see a DIVERGENCE in RSI.
might see dip tomorrow.
but i feel as the market is up no one is going to take a risk & its a breakout tomorrow
if breaks its 1st target is going to be 4780.
buy a call in the price and Relax. and of course put a stoploss.
All the best ;)
Dr Reddy's expected upside moveDr Reddy's at supply zone and could further lead to formation of W pattern.
DrReddy Intraday - Support Break viewDrReddy : Intraday View
Can Break support
Short below 4380 with a SL 4400
DRREDDY chart analysisPositional Trade:
DRREDDY:
Short below the support and buy above the resistance and wait for the target.
-Mohit Rajani
SellSell with sl of 4730 for target of 4160-4040.
Can sell call of 4700-4800 SP.
Disc : it's not an investment advice to buy or sell
DREDDYdouble bottom indication with less risk and high reward
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 opens, the condition might change so learn to handle different conditions...
4. To learn more about patterns, Psychology behind the trade, and price action trading... contact us... Thanks...
Keep an eye ladies and gentlemen. Cheers and Happy Trading
Dr Reddys - Vaccine PlayShared this idea in the past and now took a trade at 4490. The vaccine news is just around the corner and with targets to launch the vaccine around 1st March to the people of India emergency approval should be quick too..
There is a positive divergence on the daily chart and once the stock stays above its 200EMA which is around 4470 many good things will happen in this stock
Long at CMP with SL below 4350.
#Drreddy cash : Looks good above 2472.10#Drreddy cash
24.02.2021
Looks good above 4472.10
stoploss 4435
Tgt 4508-4510/4580
(Risk free above 4510)
cmp 4438.50
Dr Reddy has given breakout of double top pattern Dr Reddy has given breakout of double top pattern, again retested base line also took 50% retrenchment resistance & moving towards its target with supportive volume.
DRREDDY Levels for 22-FEB-21(Intraday) Buy above 4700 for 15,40,70+++
Sell below 4655 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
