DRREDDY trade ideas

TraderByPassion Updated 

Dr. Reddy moved well after taking the support at the lower channel line, and made doji at the top of the move, expecting correction of atleaset 100-150 points in coming days or before end of April series. 4810 can be the Stop loss on Closing basis, will down side it can slide up to 4650-4600.

Sonia-Singh Updated 

Doctor Reddy is looking very bullish on daily chart by breaking a strong resistance zone and gives a close above on that also we are getting a highest closing of 14 months in last trading session on Friday so the price is indicating that this momentum will continue in it and we can go long for the target of 4847 with the stop loss of daily candle close below the...

trendline19

Dr Reddy CMP 4763. Chart is showing similar formation as happened in 2019. Showing very good BO of box and EMA cross over. In 2019 stock just doubled from the BO level. One can expect ateast 50% upside from here. For investors the SL is deep at 4200 on closing basis.

nb_invest

Dr. Reddy (Daily Time frame) good for long side. It gave breakout. It might retest and blast. Keep on radar.

mayur120077

DR Reddy After multiple testing Levels it has Broken the range Can Go long READY BULLS

Vijay_Agnel

Looks Solid ... Good fundamental Stocks for our Long Term Portfolio . Breaking out of Triangle pattern . Expected Target 4930 - 5060 - 5580

Abhishekingx

Everything is clearly mentioned in the chart. 8 April 23 For Learning Purpose.

TheBullishRoom

Stock- DR.REDDY Ascending Triangle Pattern Formation at Breakout Level.

h24r24

DrReddy closed 4622.75 with a stop loss of 4510 then targets are 4941-5112. Buying Reason. 1 --> PRice Breakout of the Trend. 2 --> All EMA gives support. 3 --> RSI is cross 60. 4 --> ADX is showing a Bullish move. 5 --> Volume also shows the Breakout.

Harshithjaddu

Dr reddy 1 Year breakout on weekly chart. View only for educational purpose, not for trading and investment.

Amit_Ghosh

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. ======= I use shorthands for my trades. "Positional" - means You...

Singh_Siddz

Decent breakout for Dr Reddy Keep an eye 4450 SL IF WORKS may move towards 4825

Kapildsrawat

selling pressure from supply zone suggest bearishness in this stock . keep an eye

FrankzMD Updated 

technicals looks bullish stop loss and targets are marked

HSJNFinWisdom

The chart presented here is intended for observational purposes only. What is your analysis and prediction for the future trend of DRREDDY?

beartrader17

Stock has been maintaining HL structure and has formed ascending triangle. Buy side trade can be initiated with sl being the trendline or the last swing if risk appetite is more.

SHEETAL_UDESHI

Dr Reddy Cmp 4316 dated 28-2-2023 1. Long Triangle Formation 2. Breakdown below 4310 Sell below 4300 for target 4250-4200-4150-4100 SL 4385 Disclaimer : I am not a SEBI registered Analyst so please do your own Analysis before taking any action. The above view is shared just for educational purpose. By no means shall be...

mmjimm Updated 

Chart pattern depicts the situation clearly REASONS 1. DRREDDY has been trading in an Ascending channel respecting the levels perfectly . 2. In Monthly timeframe, DRREDDY has given a Breakdown out of the 5 Year old trendline Support (White coloured) 3. Now, it is going through a Downswing(Descending Channel) inside the Ascending channel 4. Right...