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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

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.
NSE:DRREDDYLong
by Nimish_Ghagare
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.
NSE:DRREDDY
by raam8360
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
NSE:DRREDDYLong
by indostockdash