Dr reddy 3,4% upside in few days... Dr reddy stock which I am following for a long time is trading at very good price, the risk reward ratio is very good...
RDDA trade ideas
DR REDDY in support zoneIn support zone
cmp:4496
Can buy if next candle break level 4567 (green big strong candle)
Target 1 and 2 (mentioned in chart)
follow strict SL (mentioned in chart)
educational purpose
DRREDDYDRREDDY has been consolidating in a parallel channel. It is now at a support level. Bottom wick suggests the buying pressure.
Tgt and SL mentioned in the chart
Seems like correction is over.Hopefully correction is over .. may start upward journey..
Just a view better consult a professional.
Dr reddy longDr Reddy has been taking support at the horizontal line and is taking resistance at 200 DMA. Hope at least this time it breaks the 200DMA. But moving till 200 DMA itself is a good move and sl can be the horizontal support minus some grace points.
SWING TRADE - DR REDDYS LABS - R:R @ 1:2Potential Opportunity as Swing Trade in RELIANCE INDUSTRIES
Risk : Reward - 1:2
Entry - 4705
Stop Loss - 4590
Target - 4935
This is for Educational Purpose only, apply your prudence & consult your adviser before any investing.
HAPPY TRADING...... :)
#nse #swingtrade #nifty #drreddy #nifty50 #bullishflagbreakout
DRREDDY- Consolidating around 4600-4700Can take a shot, and accumulate around 4530- 4650. Keeping SL @ 4450 on closing basis.
Target- 5000- 5100
*Note- Only for educational purpose.
Positional or Longterm Opportunity in Dr Reddys LabsGo Long above 4703.4 for Targets of 4944.8, 5186.2, and 5427.6 with SL 4462
Reasons to go Long :
1. On a Weekly timeframe if we draw the Fibonacci retracement tool from recent swing low (point A) to recent swing high (point B) then we see stock took support from 0.318 Fibonacci level.
2. Also a bullish candlestick pattern Bullish Engulfing (marked with orange color) is formed around 0.318 Fibonacci level.
3. In addition to this the stock gave Trendline breakout.
4. On a Daily timeframe if we draw the Fibonacci retracement tool from the recent swing low to the recent swing high then we see stock took support from 0.618 Fibonacci level and a bullish candlestick pattern Bullish Hammer is formed around 0.618 Fibonacci level.
Dr Reddy's target for 1-2 month. stop loss 4731
target 4990
target 5130
delivery investment.
buy if stock move above 4862.
reversal trend.
Dr Reddy's Lab AnalysisOne of the most Lagard stock in the market. gave a 100+% returns in 6 months after the crash but after than its been a year there's absolutely no returns/ disappointing returns, Often rising up in intraday and falls back after some time. Being a Pharma Stock, this one underperformed too much. anyways
very good support at 4400, absolute support at 4000-4040. it is gonna take really long time to see good returns from this stock. This stock is best for swing and intraday trading, even Shorting.
DRL couldn't even recover from the huge intraday fall, for the last 2 months.
if it sustains above 5000 can expect good short term returns.
P.S: It won't happen any sooner, the stock has given Head and Shoulder pattern, Bearish mode continues.
Investors, if you're in profit, Book as soon as possible.
Dr reddy - buybuy < 4670 upto 4600
easy tg - 4800
tg2 - 4900
Disclaimer : This is my personal analysis for study purpose not intended for trading
Drreddy LongDrreddy Long
Crossed all moving averages in last 3 days
RSI-67
Buy at CMP- 4900
SL- 4802
Target- 5045, 5147, 5276
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Disclaimer- We are not SEBI registered advisor.
Charts and views are only for educational purpose.
DRREDDY with Descending TriangleDRREDDY after sharp fall due to weak Q1 results, now consolidating with descending triangle pattern. Took support near 4450-4490. now lets see whether it breaks support or bounces up to break descending resistance line..
To be a Good ROI in 1 Year !Given the Covid situation, 2023 is going to be really good for pharma co.s.
Levels for the stock are given in the chart.
THE DR IS READY TO TAKE ON ANY ADVERSITY. R U?Explained on the chart itself. Can buy/accumulate on any rise/dip/sideways movement with proper risk management. DISCLAIMER:This is my personal view-not a trading recommendation. GO AS PER YOUR OWN UNDERSTANDING. NB:Don't forget LIKE button.
Dr reddy's has potential break outDr reddy's broke the pattern with good open interest and with open=Low
Dr Reddy's Lab Trendline Breakout BullishDr Reddy's gives a breakout from a falling trend line. Go long for a target of 5050-5070.
ascending triangle popup + 100 Day MA Stock name - Dr Reddys Labs
SL 2-3%
tgt - recent swing high i.e 7-8%
It gave breakout from ascending Triangle Pattern with good volume
SWING TRADE - R:R - 1:2 - DR REDDY LABS (NSE:DRREDDY)Potential Opportunity as Swing Trade in NSE:DRREDDY and also predicting positive for long term investment.
Price touches multiple time at resistance, its gave break-out the trendline with STRONG GREEN CANDLE then we can predict bullish rally onwards.
SWING TRADE - RISK TO REWARD - 1:2 ( NSE:DRREDDY )
ENTRY - 4750
TARGET - 5070
STOP LOSS - 4590
This is for Educational Purpose only, please apply your prudence & consult your adviser before any investing.
#nse #swingtrade #nifty #drreddy #riskrewardratio
