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Dr. Reddy's Laboratories Ltd. Sponsored ADRDr. Reddy's Laboratories Ltd. Sponsored ADRDr. Reddy's Laboratories Ltd. Sponsored ADR

Dr. Reddy's Laboratories Ltd. Sponsored ADR

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RDDA trade ideas

DRREDDYDRREDDY:- stock is in short term uptrend. Currently it's consolidating and a decisive Break Down (most probably) may happen anytime soon If manages to cross it, may see a rise till 5300 levels to meet the target. You can plan the trade as per your risk appetite now!!!!!!! Hello traders, As always, simple and neat charts so everyone can understand and not make it too complicated. rest details mentioned in the chart. will be posting more such ideas like this. Until that, like share and follow :) check my other ideas to get to know about all the successful trades based on price action. Thanks, Ajay. keep learning and keep earning.
NSE:DRREDDYLong
by AjayDhakad_Keep_it_simple
DRREDDY MAY NEED A DOCTOR FOR ITSELF!1. After a decline from 5600 odd levels to 3700 odd levels, stock is in short term uptrend. 2. As we can see, a Bearish Flag is in making. Currently it's consolidating and a decisive Break Down (most probably) may happen anytime soon. 3. Rejection is also evident from the RSI, suggesting a strong decline in coming weeks. 4. For short term, stock is entering supply zone of 4450-4600. If manages to cross it, may see a rise till 4800 levels to meet the TL, and face resistance. 5. At the same time, it's also possible that may not give the Break Down and the pattern fails. For that to happen, we need a weekly closing above 4800. It'd break the Higher High - Higher Low Structure, and may see a new ATH in coming days. 6. However, if the pattern is respected and we see a decline around 4750-4800 levels, 4250-4400 would act as decisive support breaking of which we may see a decline to 3600-3200 levels. 7. Verdict: Sell on Rise as long as below 4800 WCB. 8. Should you invest?: Why not! These are just short term things which shouldn't matter to investors as well. Invest using Monthly SIP Mode.
NSE:DRREDDY
by Equity_OptionTrader
1
Selling opertunity in DRREDDY.This long time trendline broke but could not continue the rally after break, There is this trendline which is holding now and there is a channel formation as well along with this trend line, Now price is moving towards the trend line where it meats with channel middle line, expecting some rejection here and Price may come down before it moves and break trendline and channel and There is daily supply zone from where price may come down. -Education purpose only.
NSE:DRREDDYShort
by VNagarjuna
Dr Reddy Cmp 4556 dated 2-11-2022 Shooting Star CandleDr Reddy Cmp 4556 dated 2-11-2022 1. Shooting Star Candle at the Top of the Chart. Sell below 4545 for target 4450-4400-4370-4350 SL 4650 Disclaimer : I am not a Sebi registered Analyst so please do your own Analysis before taking any action. The above view is shared just for educational purpose. By no means shall be responsible for any losses amounting out of it incase if any trades on it. It is just a view, pls trade at your own risk.
NSE:DRREDDYShort
by SHEETAL_UDESHI
1
Dr Reddy: Unable to sustain breakout above key level NSE:DRREDDY seems could not be able to pierce through the major resistance line around 4625 (the recent swing high). Note the volume. It's pretty significant and coincides with the Q2 result. So, things are interesting here. Chartically, the following traits are seen: A Head & Shoulder formation is seen with the neckline around 4200. There is a downtrend line coming down since last one year. The downtrend line & the H&S neckline is creating the symmetrical triangle (pennant) pattern. Now the most interesting part: 31/10/22 has it's Q2 earning date. And see the volume, huge surge. BUT The volume surge does not able to push the price above its recent swing high (Head of the H&S pattern) 4625. Rather it closes (CMP: 4433) closes near its long-term support line of 4420-4430 level. For it to go up, has to convincingly break past 4625 level. Tradewise, Resistance: 4625 Support: 4290 Next target: 4750/4900 The breakout above 4625 has to sustain good volume.
NSE:DRREDDY
by pradipandsuvra
triangle formation in dr reddyDR REDDY Time frame- DAILY *Resistance - 4410 once closing above 4410 than upside till 4900 is possible. *Support - 200 DMA, 100 DMA *Short term *Reason- long consolidation, and triangle formation breakout, strong support on 200DMA & 100 DMA Disclaimer:- I am not SEBI registered analyst. Only for information and education purpose. Please consult your adviser before investing. #technicalanalysis #technicalanalyst #swingtrading #swingtrader #fundamentalanalysis #bullish #chartoftheweek #trading #tradingstrategy #stockmarket #stockmarketindia #stocks #stockmarketnews #stockstowatch #stockstobuy #stockoptions #longterminvestment #investment #investmentopportunities #derivatives #derivativestrading #index #indexinvesting #optiontrading #chartanalysis #trader #tradingsignals #tradingview #education #breakout #pattern #information #investing #consolidation #consult #supporting #volume #long #ZYDUSLIFE #PHARMA
NSE:DRREDDYLong
by The_Trade_Tribe
DRREDDY - Consolidation BreakoutNSE: DRREDDY is closing with an bullish consolidation breakout candle supported with high volumes. Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days. The stock has been consolidating for the past few days and moving along the trendline which is indicating demand. One can look for a 8% to 11% gain on deployed capital in this swing trade. The view is to be discarded in the event of the stock breaking previous swing low. #NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade Disclaimer: This is for educational purposes only.
NSE:DRREDDYLong
by BrahmaBull31