We can plan for longs in DRREDDY for the target of 6%As I have explained in the video there is a demand zone from where DRREDDY can take support and make a move of 6% towards the upside
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0.77 USD
672.58 M USD
3.37 B USD
834.06 M
About DR. REDDY S LABORATORIES
Sector
CEO
Erez Israeli
Headquarters
Hyderabad
Website
Founded
1984
FIGI
BBG000NJ96L6
Dr. Reddy's Laboratories Ltd. engages in the manufacture and marketing of pharmaceutical products. It operates through the following segments: Global Generics, Pharmaceutical Services and Active Ingredients, and Others. The Global Generics segment consists of manufacturing and marketing of prescription and over-the-counter finished pharmaceutical products ready for consumption by the patient, marketed under a brand name or as generic finished dosages with therapeutic equivalence to branded formulations. The Pharmaceutical Services and Active Ingredients segment focuses on manufacturing and marketing of active pharmaceutical ingredients and intermediates, also known as API, which are the principal ingredients for finished pharmaceutical products. The Others segment includes the operations of the subsidiary of the company. The company was founded by Kallam Anji Reddy on February 24, 1984 and is headquartered in Hyderabad, India.
Dr Reddy parallel channel view- ascending parallel channel
- touched the bottom line
- may consider when the reversal candle is form
- during market correction this stock reached the fib retracement 61.8 at the level of 1235 from its all-time heigh.
This analysis is my own idea.
I don't recommend taking trade based on this id
Dr Reddy is Ready to fly in blue sky, Short term Trading Idea .I hope you all will be doing good in your life and your trading as well. I have brought a stock which has formed a pull back pattern and taken support at previous breakout zone. Stock name is Dr. Reddy's Laboratories Ltd and it is a leading India-based pharmaceutical company which offers a portfolio
DRREDDY gearing up for 7000DRREDDY CMP 6754
Harmonic Pattern and the wave counts pointing towards 7K
DRREDDY 3rd of 5th underwayDRREDDY CMP 6715 TF 75 minutes..
The stock as moved well from June 2024 lows.. Currently 5th wave up is in progress, and it seem to have completed 1 and 2 of 5th.. third underway.. Wave 5 targets are 7035 (Wave 1 = wave 5) and extended target is placed at 7400.. either case, we have a decent 200-30
Dr Reddy moving in channel | Favourable R2RPrice moving in channel; at support now. Can enter trade.
buy at 6583
SL 6448
Target ATH - 7076
Upside: 7076/6583 = 7.5%
Downside = (6583-6448)/6583 = 2%
Risk to reward : 3.7
Just an idea
Drreddy is now ready for 7200-7500DrReddy was holding well today and I think it has recovered good from bottom.
I think stock is now ready to make new high of 7000, 7200 then 7500 by Nov end.
Keep SL below the horizontal line marked.
Dr Reddy Cmp 6750 Trendline BODr Reddy Cmp 6750 dated 27-9-2024
1.Trendline BO @ 6750
2. RSI BO
Buy above 6760 target 6800-6850-6900-6950-7025 SL 6650
It is just a view, please trade at your own risk.
Drreddy Lab impulse upMoving in impulse wave up...
of which wave 1 and 2 completed
and wave 3 has started..
downside support 6250--6100
upside potentials 6500--6800 (1.618 fib level 6812)
See all ideas
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