DR REDDY On break out looking good for long entry
long consolidation and levels tested multiple times
RDDA trade ideas
SIMPLE PRICE ACTION IN DR REDDYS LABS.NSE:DRREDDY
Taking support at major up trendline.
A double bottom pattern is been forming in DR REDDY LABS, And at the Neckline zone, there is downtrend resistance 4480.
If the daily candle closes above 4480, enter at the high of the candle.
trendline breakout and double bottombuy above 4410 in intraday or swing trade
stoploss for swing trade daily candle close below 44250
For stoploss in Intraday use 5 minute chart and see nearest support.
for target use 5 min chart and fibonacci pivots as i don't keep predefined target.
try to book partially and trail.
Note: this is not a prediction for LONG/SHORT, trade will trigger only on given level as per technical analysis
NOTE: For Gapup or bo before 9:20
If gapup is more than 1% from bo level than avoid completely.
if less than 1% or gives bo before 9:20 than wait for
first 5 minute candle and entry above 5 minute candle
and revised SL below candle Low.
DR REDDY LAB IS READY TO GET A PUMP(Daily)Hi: Traders i am come back with a new idea as you can see chart of DR REDDY chart its a double bottom chart pattern and first traget is on Rs.4841
And second target is 5083 and stop loss is Rs.4268 so it can be buy and my opinion is it can be buy but after breakout bye take care bye i will see you on next idea.
Trade on your own risk
Bye bye
Dr Reddy Technical Analysis Hello Guys , Today I Have The Technical Chart of Dr Reddy it is in the Double Bottom from a few days ago but now I think it will go Up because it has made a bullish signal after a very long Bear trend and now lets talk about the target . So its target could be 5203 . BTW It is Based on your Risk To trade on it or not and Don't Forget to Like the Idea and Follow The Channel for Regular Updates and Regular Ideas and also Now i am again Going To Make Regular ideas Bye-Bye .
Time Frame :- 1 hour
Patterns Name :- Double Bottom
Stock Name :- Dr Reddy
Based on Your Own Risk this is only to Show you the Current Pattern .
We are not responsible for any profit or loss .
bulishi can definatlly buy sl just 4248 today gap up so wait for buy levels my target is 5000 for this series
DRREDDY - 23rd May 2022Stock bouncing Off Supports of 3800-3600.
Break of Trendline on Weekly Closing Basis can result in Uptrending Moves
Falling Wedge PatternDRReddy has formed a falling wedge pattern as shown in the chart.
Keep this in your watchlist when a breakout happens, initiate your long position.
This is only for educational purpose only. Trade at your own risk.
Dr reddy to boom Dr Reddy is showing reversal
1) after a long down trend now this stock is showing reversals
2) good time to invest money on this stock
All the details have given on charts with one super trend method
lets beat the market together
DRREDDY IS AT CRITICAL ZONEIt reached the strong support zone in weekly chart. A bounce back is anticipated. If the support zone is broken, we can expect a great fall.
Dr Reddy's LabPrice is at trend line support now. Sell below 4100 with the stop loss of 4140. Targets are 4060,4020, 3980 and 3920.
Inverse Head & Shoulder Pattern.. Educational Purpose OnlyThis Might form an Inverse Head & Shoulder Pattern.
Should Break the Neckline as well as the Trendline..
Keep on Watchlist.
DR REDDYS LABSfalling wedge pattern breakout + retest done.
could not break through the upper resistance.
script is back at the support level .
weakness from here can lead to 3800-3700 levels.
keep on radar.
NSE DRREDDY DR REDDY (WEEKLY)If price closes below 3/1 line, then after retest it will touch 4/1 line which is acting as long term support.
Drreddy Bullish breakoutDrreddy show flag and pole breakout, but wait for confirmation. We can see short term good profit once breakout.
Chart for educational purpose.
Weekly Set Up DRREDDY LABSWeekly Set up for Cash Only
Buy on Weekly Demand Zone of 4046 SL of 3868. Target 1 is 4330 and 2 is 4690.
Please don't take futures and options and be patient if you get entry in this set up as this is weekly setup.
#StockMarket #StockIdeas #StocktoWatch #StockToBuy #positionalDRREDDY
Stock Trading at resistance level & near its trend line to break.
Good support at Fib level also.
Buy small chunks at CMP and rest above 4515 levels
Keep positional targets of min 5% and trail SL upto 4862 levels.
Keep Mid term views for targets
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Note:
Above levels are for education purposes only
Do your own analysis before taking any trade
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Grab Dr. Reddy in the range 4410 to 4430 for targets 4500/4600Dr. Reddy is looking attractive for targets 4500/ 4600, there is a genuine breakout as per open interest study.
