CMP 2198 Dr Reddys lab has given a nice breakout and the stock can be heading higher over medium term Buying on dips can be considered Targets 2320 / 2403 / 2520 / 2600 Immediate support around 2160 Stop below 2100 Do review your trading plan and plan your trade accordingly Take care & safe trading...!!!
Ascending Triangle on DRReddy. Trade: Long Entry - 2238 Target - 2380 Stop loss - 2170
Sell at/below: 1991 TGT: 1981-1970-1959-1947 SL: 2002 Only for intraday
Increase in OI with fall in price. No decrease in OI with slight rise in price. 23.6% Fib. Negative news.
DR Reddy Labs at critical support & 61.8% of monthly fib level; can we see some pull back. Posting this for only for educational purpose, no trade. As entire pharma outlook is bearish.
Everything explained on the chart.... SL change accordingly...
watch out for these levels, if these levels are gone 1834 forms the good support.
DRREDDY: Looks Good in Weekly, Witnessing Strong Reversal. Possibility of Point "C" Completed as to form Bearish SHARK . as C = FIB R 1.625 of XA , IDEAL is FIB R 1.618 Go LONG @ 2160 (LTP at 12.58 pm) TARGET (Intraday): @ 2184, @ 2191, @ 2214, @ 2221, @ 2231 - @ 2240(HZ), @ 2261+ TARGET (Positional): @ 2279, @ 2347, @ 2385 , @ 2409, @ 2447 - @ 2475...
Everything is mentioned on chart.... Wait for the confirmation and then enter... Note: Do your own study before making any position...
Drreddy given very nice inverse HNS patern + resistance breakout....go long for 3150-3200...cmp...2775
DRREDDY Need to Close Above 2750 and Breaking Weekly Falling Trendline can give some spark to this counter. Targets should be 2900 & 3030 Rest is Beautifully explained here By @NeeteshJain
A topside breakout of the inverted H&S neckline will confirm the pattern. Will it break on the topside and subsequently recapture the Trendline as well? Wait and watch.
I am looking to Go long dip near 2610 to 2645 with stop of 2570 For Target of 2812 Risk to reward is not good , still i am looking to Go long Regards
Long Dr Reddy Duration : 15-25 days Target : 2800-2850 cmp : 2695 Strict SL : 2650 Entry around : 2660-2690-2700 Enter with ur Strict SL and Wait , u may never get the cmp again ....
in hourly chart drreddy has taken support at 2671, stochastic is going upside target 2700 stoploss 2680 NSE:DRREDDY