#DRREDDY trading above Resistance of 5191
Next Resistance is at 5614
Support is at 4865
Here are previous charts:
Chart is self explanatory. Entry, Resistances and Support are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult...
INTRADAY TRADE
DRREDDY LABS Looking good for upside..
When it break level 5190 and sustain.. it will go upside...
BUY@ 5190
Target
1st 5215
2nd 5244
DRREDDY JUL FUT – 8 LOT (Qty-1000)
TRADERS ALSO DO SWING TRADE FOR LONG TARGET
Enjoy trading traders.. Keep add this STOCK in your watch list..
Investor are welcome..
ENTRY TARGET SL Mention in the chart.
ALWAYS TAKE TRADE WITH CONFIRMATION
Note : Trading in any financial market is very risky. I post ideas for educational purpose only. It is not financial advice. Do not hold us responsible for any potential loss you may incur. Please consult your financial adviser before trading.
A hanging man candlestick occurs during an uptrend and warns that prices may start falling. The candle is composed of a small real body, a long lower shadow, and little or no upper shadow. The hanging man shows that selling interest is starting to increase. In order for the pattern to be valid, the candle following the hanging man must see the price of the asset...
DR REDDYS LABS making a symmetrical triangle breakout and may give a profit of 12% and above.
One can wait for Volume as well as weekly closing on chart
CMP : 4650
TG : 5200
SL : Below 20 EMA
Disclaimer : It is my personal view as a trader and for educational purpose only. Equity market involves risk . Please consult your financial adviser before taking any decision.
Dr. Reddy's Laboratories, a prominent pharmaceutical company, has been showing signs of a positive breakout in recent trading sessions. As always, prudent investors should conduct their own research, but here's why Dr. Reddy's stock deserves consideration as it potentially breaks out to the upside.
From a technical standpoint, the stock's recent upside breakout...
Drreddy standing strong in falling market also...I have marked levels on Fibo. I think it will touch 4900,4960 then 5020,5060,5100 in coming days..weeks.
All Pharma stocks are in a good up move
Good chart structure
Target 5070/5130
Stop loss 4950
I am just representing my views
For educational purpose only.
Stock is in ongoing impulse on a major timeframe.
In the short term, it is in an ongoing correction.
In the very short term, the Stock is in the B wave, a breakdown of the recent swing low with good volumes can ensure start of the C wave.
A negative divergence of RSI can be observed in the recent upmove.
Due to Ongoing Flat correction(3-3-5), the rule of...
In the Weekly Chart of DRREDDY ,
we can see that; after failure, it is coming up strongly.
Let it retest as shown in chart then enter with SL and Go Long.
