It is been observed on the daily chart that the price action forms an inverse Head N Shoulder pattern, indicating a positive and bullish move ahead. Target 1: 2770 Target 2: 2810 Stoploss: 2690
Story of extended wave says a minimum to wave end 3007 is passed and it went down to the 62% retrace of the last leg now. And it can retrace to 2246 or even to the entire 5 comes around 1386. The pharma' sector is not yet showing a consolidation or any recovery. CNXPHARMA' weekly MACD is below zoro line... AB=CD dedicated to Mr:B (insiderB) :D
Fundamentals- 1)A very attractive company in the space of Pharma 2)Growth rate, operating profit is facing multiyear resistance. 3)Net sales, operating profits have improved. 4)A good company to invest in for long term, FII's hold upto 36% stake(Source-BSE) Technicals- 1)Stock is in resistance zone and if it survives this zone, a good shoot up is expected from...
Actual Trend is reverse but still can buy positional SL : 2395 Target : 2550 cmp : 2417 Timeperiod : 15-19 days Risk: Reward Approx 1:6
DRREDDY @ 2529. After Sharp Fall, 5% to 9% on Card. Technical Indicator Including Support line in Various Aspect suggests LONG. Best Buy Levels alongwith TGT plotted on Chart.
It has given 5 moves up at primary level . So it completed cycle wave I . It is in a cycle wave II . Elliott says minimum correction level is the sub wave 4 . So Dr. Reddys should come down to 2200 . Only then it is a buy . But for an X wave or an impulse . We dont know. See top of the ((B)) . RSI top was at bear zone resistance . Wave (5)) had a bearish...
buy at 2580 and add more if cum 2470 hold for 6 to 12 month
Seemingly from the highs a complex A-B-C correction is about to end with a ending diagonal in 5th of C + Positive divergence in Day timeframe in RSI and MACD indicators. Aggressively holding above 2540 on day closing basis..expect a strong rally as part of larger correction OR embark on a journey to new life highs as 5th UP in larger timeframe
DRREDDY Positive BREAKOUT soon DRREDDY: @ 2583 Range bound trade in couple of Week. Correction OVER . Positive Divergence in RSI, W%R, MACD, CCI, Stoch, Divergence Type Start Date Closing Price Indicator Value End Date Closing Price Indicator Value RSI 2/5/2017 2582.65 35.88 ...
Long Dr Reddy at cmp 2645 SL 1 : 2630 SL 2 : 2620 Target : 2720 Timeperiod : 5-8 trading days Risk : Reward Approx 1: 5 with SL 1 Approx 1: 3 with SL 2 Disclaimer: Please do ur own analysis before executing a trade. Please do not watch price too frequently. Please use Strict SL based on closing price given as above.
A congestion zone (2500-2700). However, after breaching the psychological level of 2700, the counter seems to be heading down to 2500
Its observed that after sharp down fall the price is recovering from Falling wounds One can Look for Entering only above Close of 2705 with Stop of 2650 for target of 2765/2790 this information is only for Educational not to be considered as trade advice or any kind of promotional activity , The Very Existence of Trading view is to learn in Group, So seeing...
NSE:DRREDDY is at the bottom edge of the descending traingle. Levels and zones are marked. Trade accordingly. Cheers !
DR Reddys is close to 1 year low 2840. If it bounce backed, short term buy with 3100 as target
Its been seen that the price has hit lowest mark and again it is heading towards same Support line of 2698 , Once can look for Buying after it rebound form Lower 2698 Close above 2750 Can hold for 2 Months it will reach 2948/3000 , One can consider Stop will be 2680 Cheers
It looks like the final correction wave of Dr Reddy is in completion. A break in the resistance sloping trend line may confirm bottoming out and advance to higher zones in the next months. I will take a small position now and with a small stop below the low of monthly chart and add on break of the resistance trend line.