DrReddy -- All set and moving good as per previous chartDr Reddy is all set to move and achieve targets as per symmetrical triangle breakout
Targets would 4600 and 5000 minimum with SL 4200
RDDA trade ideas
Best Chart Patterns For Beginners.Hello Guys This Is My First Idea So Please Support Me And Like And Follow Me.
Best Chart Patterns For Beginners.
Head And Shoulders.
Inverse Head And Shoulders.
Double Top.
Double Bottom.
Rounding Bottom.
Rounding Top
Cup And Handle.
Inverse Cup And Handle.
Rising Wedges.
Falling Wedges.
Pennant.
So Our First Pattern is Head And Shoulders: A head and shoulders pattern is also a trend reversal formation. It is formed by a peak (shoulder), followed by a higher peak (head), and then another lower peak (shoulder). A “neckline” is drawn by connecting the lowest points of the two troughs.
Inverse Head And Shoulder: An inverse head and shoulders pattern is comprised of three component parts: After long bearish trends, the price falls to a trough and subsequently rises to form a peak. The price falls again to form a second trough substantially below the initial low and rises yet again(Opposite Of Head And Shoulder)
Double Top: A double top is an extremely bearish technical reversal pattern that forms after an asset reaches a high price two consecutive times with a moderate decline between the two highs. It is confirmed once the asset's price falls below a support level equal to the low between the two prior highs.
Double Bottom: A double bottom pattern is a technical analysis charting pattern that describes a change in trend and a momentum reversal from prior leading price action. It describes the drop of a stock or index, a rebound, another drop to the same or similar level as the original drop, and finally another rebound (Opposite Of Double Bottom)
Rounding Bottom: A rounding bottom is a chart pattern used in technical analysis and is identified by a series of price movements that graphically form the shape of a "U". Rounding bottoms are found at the end of extended downward trends and signify a reversal in long-term price movements (Opposite Of Rounding Top)
Rounding Top: A rounding top is a chart pattern used in technical analysis identified by price movements that, when graphed, form the shape of an upside-down "U." Rounding tops are found at the end of extended upward trends and may signify a reversal in long-term price movements.
Cup And Handle: A cup and handle is a technical chart pattern that resembles a cup and handles where the cup is in the shape of a "u" and the handle has a slight downward drift. A cup and handle are considered a bullish signal extending an uptrend, and it is used to spot opportunities to go long.
Inverse Cup And Handle: An 'inverted cup and handle' is a chart pattern that indicates bearish continuation, triggering a sell signal. Think of it as an upside-down cup and handle. If you look at the regular cup and handle pattern, there is a distinct 'u' shape and downward handle, which is followed by a bullish continuation (Opposite Of Cup And Handle).
Rising Wedges: A rising wedge is generally a bearish signal as it indicates a possible reversal during an uptrend. Rising wedge patterns indicate the likelihood of falling prices after a breakout through the lower trend line.
Falling Wedges: The falling wedge pattern is a continuation pattern formed when the price bounces between two downward slopings, converging trendlines. It is considered a bullish chart formation but can indicate both reversal and continuation patterns – depending on where it appears in the trend(Opposite Of Rising Wedges).
Pennant: The bull pennant is a bullish continuation pattern that signals the extension of the uptrend after the period of consolidation is over. Unlike the flag where the price action consolidates within the two parallel lines, the pennant uses two converging lines for consolidation until the breakout occurs (Bullish Continuation)
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Dr Reddy Cmp 4157 dated 5-8-2022Dr Reddy Cmp 4157 dated 5-8-2022
1. Trendline support @ 4080
Buy for a tgt of 4200-4300-4385 SL 4070
It is just a view, pls trade at your own risk.
Dr Reddy's Is Looking Good Dr Reddy's Is Looking Good For Positional Option Buy 4300 ce at 73 sl 60 with the target of 90/120
DRREDDY | Good Swing trade opportunity with a small SL !!!Swing Trade opportunity to earn good RRR
CMP: ~ 4158 (Buy @ ~ 4172.75)
SL: ~ 4040
Target: ~4384 | ~4594 | ~4933
( Targets calculated on the basis of Fib. and previous swings )
Disclaimer:
I am not a SEBI registered analyst. My studies are for educational purposes only. Please consult your financial advisor before trading or investing. I am here just to share my views and have fun!!! Don’t take me seriously…..
Happy trading !!!
DRREDDY BullishGood reversal at triple bottom which is at good support. Already this stock has given weekly trendline breakout.
DRREDDY LONGDR REDDYS LABS stock has been trading in this pattern since a long time as shown it may take a support and continue its trend pattern.
you can go long if you see any bullish candle after doing your own analysis.
ONLY FOR EDUCATIONAL PURPOSE..!
DR REDDY LAB Remaining in a long time zone in Dr. Reddy's lab, he created a dragonfly doji candle at the bottom of the day time frame indicating a bullish reversal. you can see. you can but it now. it is a long swing trade ... absolutly THANK YOU
(GROW UP TRADERS)
DRREDDY - Trendline SupportHi Traders,
DRREDDY is nearing to Trendline support in Daily timeframe, if any Buying momentum seen we can expect BULLISH trend to go Long.
Incase any weakness breaks the trend line we can look for Short entry when it retraces the Trend line.
Thanks
DrReddy 1HJust placed my idea in Position drawing.
Red Zone: Resistance or Breakout Zone
Grey Zone: Repeated Hurdles (Support/Resistance)
Green Zone: Support or Breakdown Zone
Note: BUY above Red Zone
BUY at Green Zone.
SELL at Red Zone or Trail at Grey Zone
Just follow the Entry & Exit. Trail SL after 1:1 to Cost + Brokerage.
Also you can ask for my views on any chart.
DRREDDY - 29th July 2022Stock in Trading Range at 4320 - 4200 Levels.
Wait for Trading Range Break - Plan accordingly
Dr reddy gives another chance?Dr reddy is giving buyers a second chance if it decides to breakout again on above average volume and could see the targets marked T1 and T2.
T1 and T2 are based on recent breakout high and next area of value.
Stop loss should be below the build up area of consolidation.
Keep It Simple
EMA Support and price action supportThe stock DRREDDY broke its long awaited resistance zone on July 11th with an above average volume.
Right now it is retesting the previous resistance zone (Which, according to price action theory might work as support now.)
and also the 50 and 100 day moving average is just below the current price which adds double confirmation.
the 200 EMA is at near 4400, if it gets breached there will be good up move.
It might provide a good swing in upcoming days,
SL of 4300 is a must.
DRREDDY price analysis Price action analysis on DRREDDY.
DRREDDY seems to be forming a w- pattern in daily time frame.
Multiple targets can be taken, earnings release on 28th June , can trigger a blast in the price to the completion of the overall W - pattern.
Target and stop loss indicated in chart, very thin SL, of around 1.5 % from entry point.
Wedge pattern breakout in DRREDDY.For the last few looks DRREDDY was trading in wedge pattern and it has come to re-testing we can take re-testing entry at 4450 and keep his long target at 5205 in 1D time frame.
DOCTOR REDDY LABS, DR REDDY LABS WEEKLYDoctor reddy labs becoming strong on weekly charts giving breakout on down trend line and positive on rsi indicator too
Cause of long
1- Breakout on downtrend line
2- Positive on rsi indicator
double bottom Breakout at DRREDDY#doublebottom #pattern #Breakout (trend reversal) at #DRREDDY (Dr Reddy's Laboratories Ltd) weekly chart. Its #Outperformed #Nifty in current scenario.
BSE: 500124 / NSE : DRREDDY
What Is a Double Bottom?
A double bottom pattern is a technical analysis charting pattern that describes a change in trend and a momentum reversal from prior leading price action. It describes the drop of a stock or index, a rebound, another drop to the same or similar level as the original drop, and finally another rebound. The double bottom looks like the letter "W". The twice-touched low is considered a support level.
ONLY FOR #educational
NOT SEBI REGISTERED. #LEARNEARN (DONT TRUST ANYONE)
#nifty50 #sharemarket #BREAKOUTSTOCKS #Multibagger #sharemarket #sharemarketindia #sensex #technicalanalysis #kukiinvest #Chartanalysis #headandshoulders #doubletop #doublebottom #parallelchannel #relativestrength
DISCLAIMER: I am not SEBI registered analyst. All posts are for educational purpose only. I am not responsible for your any loss or profit. Consult your adviser before taking any trade. I help people to learn technical analysis & charts reading.
#Drreddy cash -Strong resistance zone 4440-4460#Drreddy cash -Posiitional
29.06.2022
Advance call
Strong Resistance at 4440-4460
Sustain and close above 4450 levels ..
blind buy
Stoploss 100 points target 200-300 points
(Once close above 4460)
Cmp 4365
Breakout in dr reddyThis counter gave a Bo with high volumes on daily chart . Fib 1.618 level mentioned on chart . NOT FA
Go LongDr Reddy has been consolidating for enough time, now is the time for breakout.
R:R - ATR - 2:3
DRREDDY neutral this stock
200 exponential moving average ka breakout hojayega
to long jaskate he
nahito 200 EMA register ke taraha kam kar sakhata he
this is not financial advice
DRREDDY- LONG !NSE:DRREDDY
One Can Go long with a Strict SL below the Trendline or Swing Low of Daily Candle.
Close should be good, and Clean.
R:R ratio should be 1 :2 .
Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose
