RDDA trade ideas
IHNS - Breakout predictionWith NIFTY PHARMA BULLISH PATTERN, this stock is also marked IHNS pattern.
Looks firework will be seen soon...!!!
Dr ReddyBreaking After nice consolidation.
Inverted Head & Shoulder pattern formed.
Looks super bullish for short time
DR Reddy - Inverse Head and Shoulder NSE:DRREDDY
Watchout for breakout from inverse head and shoulder pattern. Upon breakout 5000 is achievable.
NOT A RECOMMENDATION. JUST FOR EDUCATION. Thanks.
DR REDDY#DRREDDY
Free fall is being witnessed in this counter so far & has been a dragger like many other pharma counters
Historically, it retraces arnd 60-62% frm its highs b4 stabilising
3300-3400 is that range where it cn tk support for fresh upmove if it does not stabilize here around 3650 levels.
#nifty50 #investingfacts
Dr. Reddy form Inverse H&S pattern Dr. Reddy form Inverse H&S pattern. It can long if come 4150-4210 or if it close above it's neck line 4400 for target 4750 and 4900 in upcoming month.
DRREDDY Supply/Resistance ZoneDrreddy is in the supply zone. Looks like it is difficult that it will sustain at this level.
#Drreddy cash : looks good above 4375.10#Drreddy cash -Positional call
29 March 2022
Looks good above 4375.10
stoploss 4300
Target 4440/4600/4750
Cmp 4324
#DrReddy Harmonic#DrReddy Harmonic
accumulate on dip
Target -4441/4649/4848
SL-3871
timeframe- 3 to 3 months
shared only for educational purposes
DRREDDY - trendline breakoutIs the pain over? Looks like it has given a trendline breakout.
Volumes increasing
Took support on a long term trendline
Waiting for a retest or taking entry after it closes above 4460 could be a good approach!
#Drreddy cash : Good upside once above 4200.10#Dreddy cash -Posiitonal call
23 March 2022
Sharp upside once above 4200.10
for 4280/4380/4480
Stoploss 4100
Cmp 4127
FTR Demand Zone formed in Drreddy2 demand zones formed in "Drreddy" one is FTR and the level below is Level over Level.
One can look for long for a minimum target of 1:3.
The entry and SL price is marked in the chart.
Dr Reddy's weekly similar short & long trade set-upEducational purpose only :
Dr Reddy's stock give better trade opportunities similar short trade & long trade setup .
Similar short trade :
Enter short trade set-up . after market reach 4100 level
Target minimum for short target 1 = 3930-3920.
Extreme target = 3860-3840.
When short trade completed 3840- 3850 level is a very crucial level for bounce back . You can confirm that reversal take Trade for longer....
Dr Reddy's piercing line pattern on weekly On daily charts there is gap around 4200 and 4284, it can go and fill the gap first. it's just a prior assumption.
Dr Reddy's piercing line pattern on weekly charts. Dr Reddy's piercing line pattern on weekly charts.
Also there is bullish engulfing on daily charts, any upmove on Monday will confirm further move.
First resistance zone seems to be near 4200 and 4284, if sustains above that then 4400 in unavoidable.
DRREDDYDRREDY Labs is forming pattern and it is around its SUPPLY ZONE. Traders add it to watchlist.
Drreddyhigh : 07/07/2021 : 5,614.60
low : 18/02/2019 : 1,872.95
75 % : 4679.18
50% : 3743.77
25% : 2808.36
