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!
Trade ideas
#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
dr reddy expecting 1000+ fallAs we can see the stock is moving according to harmonic pattern and falling from point c as expected. Now i am expecting 1113 rupees fall in this stock so the best price ever possible to buy for investment is at 3754 , so keep an eye on this price and have patience. Candle close above point c will make the pattern invalid
Note: stock may bounce from 4467 also so watch price action at this level also.
good luck
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DRREDDY LAB TARGET 3614DR REDDY LAB under bearish. Crossed monthly and the weekly trend towards the downside. Target 3614
Dr Reddys LabsDr reddys Labs is forming wedge pattern and it is around its support line. Traders add it to watchlist.
DRREDDY is on bullish DrReddy is Trading on Rangebound Market Takes Support from 4300 and Expect upside towards 5400 in a shor-term perspective
DR. REDDY'S LAB Double bottom PatternSpike In volume in 2nd Bottom Compared to 1st Bottom
Both Indicating an uptrend
DRREDDY - A perfect VCPAround 20 days of consolidation and VCP
Not making any new higher highs or lower lows recently
A perfect setup for breakout
A pharma giant may set the tone for rest of big pharma stocks too maybe
Dr.Reddy DTF support 4180 to 4200
Resistance 4400 to 4450
Breaking 4100 it will test 3800 3600
#Dr.Reddy
Dr Reddy Cmp 4415 dated 2-2-2022Dr Reddy Cmp 4415 dated 2-2-2022
1. Trendline BO @ 4425
Buy for a tgt of 4485-4560-4670 SL 4320
It is just a view, pls trade at your own risk.
NO to HealthCare - Dr REDDYHeathcare is history, don't see any good hike now.
SELL BELOW 4050
STOPLOSS AT 4650
TARGET FOR 3550
DRREDDY LONGAfter a healthy correction, DR REDDY is now at great discount. It is in a good support zone. DR REDDY also has great financials, one can totally add such a stock in portfolio or increase stake. If bounces from here right away, will be looking for a short term bet too.
