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Dr. Reddys Labaratories (ADRs)Dr. Reddys Labaratories (ADRs)Dr. Reddys Labaratories (ADRs)

Dr. Reddys Labaratories (ADRs)

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RDDA trade ideas

Dr. Reddy's Laboratories LtdThe daily chart of Dr. Reddy's Laboratories Ltd (DRREDDY) on the NSE indicates a bullish setup, with the price trading above the 50-day SMA (1268.29), 200-day SMA (1275.84), and 21-day EMA (1261.02). A downward trendline highlights resistance near 1368, while an upward trendline indicates accumulation with higher lows. The RSI at 69.74 suggests strong momentum, and the MACD shows a bullish crossover, confirming upward momentum. Aggressive traders can consider entering on a breakout above 1368, targeting 1450–1500, with a stop-loss below 1330. Conservative traders may wait for a pullback to the 1275–1285 support zone (near the 200-day SMA) or the upward trendline around 1300–1310, targeting 1380–1420, with a stop-loss below 1270. Volume is rising, supporting the recent price action.
NSE:DRREDDY
by Simplecharttraders
DR. REDDY Strong Candle FormationNSE:DRREDDY made a strong candle today Crossing Key Levels with volumes and closing above 100 DEMA. MACD Still Showing a BUY Signal, I have drawn support and resistance levels. If it breaks the resistance level it Will Cross ATM. Small Quantity can be added at the current Level for a Swing. 📌Thank you for exploring my idea! I hope you found it valuable. 🙏FLLOW for more 👍BOOST if useful ✍️COMMENT Below your views. Meanwhile, check out my other stock ideas below until this trade is activated. I would love your feedback. Disclaimer: This analysis is intended solely for informational and educational purposes and should not be interpreted as financial advice. It is advisable to consult a qualified financial advisor or conduct thorough research before making investment decisions.
NSE:DRREDDYLong
by Karanshah137
2
Dr Reddys Laboratories Ltd view for Intraday 17th Dec #DRREDDY Dr Reddys Laboratories Ltd view for Intraday 17th Dec #DRREDDY Resistance 1280 Watching above 1283 for upside movement.. . Support area 1250 Below 1265 ignoring upside momentum for intraday Support 1250 Watching below 1247 or downside movement... Resistance area 1280 Above 1265 ignoring downside move for intraday Charts for Educational purposes only. Please follow strict stop loss and risk reward if you follow the level. Thanks,
NSE:DRREDDYLong
by EmpireCrown
The directional V shaped signal Dr Reddy CMP 1246 Fib Analysis- I have done fib analysis on the three major swings in this counter. The first swing correction halted at 61.8%. this was an indication that the bull trend was weakening. The second swing correction halted at 50% taken from top and bottom. this was an indication that the stock was not expanding. The 3rd swing correction halted at 38.2% the grid forming from top and bottom of the swing. This swing has something more it is a directional signal which is an inverted V. Hence to me the uptrend is over. Since the stock has halted at support we will witness a rally, but this rally will the last opportunity to exit this counter.
NSE:DRREDDY
by singh17vivek
Drreddys bullish VIEW Drreddys bullish VIEW Dr reddy is on Trendline ,Target will be in coming days Targets: Greenline T1: 1240 T2: 1250 T3: 1260 Imp. Note: This analysis is provided for informational purposes only and does not constitute a direct recommendation to buy or sell stocks. Investors should conduct their own research and consult with financial advisors before making any investment decisions, as market conditions and individual circumstances may vary. Market Risk: However, it's important to acknowledge the inherent risks
NSE:DRREDDYLong
by KarthiKeyan3c
2
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 of products and services, including Active Pharmaceutical Ingredients (APIs), Custom Pharmaceutical services (CPS), generics, biosimilars and differentiated formulations. Stock is good for short term trading idea as it has taken support in the previous breakout zone. Stock is good for long term investing as well. This can be best SIP stock to invest and get handsome returns in future. Market Cap ₹ 1,09,439 Cr. Current Price ₹ 1,312 High / Low ₹ 1,421 / 1,041 Stock P/E 19.7 Book Value ₹ 339 Dividend Yield 0.61 % ROCE 26.5 % ROE 21.4 % Face Value ₹ 1.00 Industry PE 34.5 Debt ₹ 2,002 Cr. EPS ₹ 66.7 Promoter holding 26.6 % Intrinsic Value ₹ 1,033 Pledged percentage 0.00 % EVEBITDA 12.3 Change in Prom Hold -0.01 % Profit Var 5Yrs 24.4 % Sales growth 5Years 12.6 % Return over 5years 18.9 % Debt to equity 0.07 Net profit ₹ 5,565 Cr. ROE 5Yr 16.7 % Profit growth 17.8 % Earnings yield 6.77 % PEG Ratio 0.81 Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades. Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's. Thankyou.
NSE:DRREDDYLong
by TraderRahulPal
7
Dr. Reddy's : Triangle Pattern Formation in Demand ZonesDr. Reddy's stock is currently forming a descending triangle pattern on the 2-hour, 4-hour, and daily demand Zones. This pattern and its positioning within demand zones are crucial for potential future movements. Key Observations: Triangle Pattern : The stock is creating a descending triangle pattern, characterized by a series of lower highs and a horizontal support level. This pattern often precedes a breakout or breakdown, depending on the direction of the price action. Demand Zones: The triangle pattern is developing within established demand zones on all three time frames. These zones are areas where buying interest has been strong in the past, which may influence the pattern's outcome on the upside. Implications: Potential Breakout : Watch for a breakout above the upper trendline signaling the start of a new trend. Support Levels: The demand zones within the triangle may act as crucial support levels. A bounce from these levels could lead to a trend reversal. Key Levels: Demand Zones: Daily: 4Hour: 2Hour: Pattern: Lets monitor the price action closely as the stock approaches the apex of the triangle pattern for potential trading opportunities when it breaks out
NSE:DRREDDYLong
by JS_Trading_Tradingmadesimple