DRREDDY Levels for 11-OCT-21(Intraday) Buy above 4870 for 15,40,70+++
Sell below 4800 for 15,40,70+++
Can comment or ping me for any query or live updates
All views for Educational purpose, Trade at your own risk
RDDA trade ideas
Drreddy Expected to bounce back soonExpecting Drredy to bounce back for targets of 5075 soon with stop loss of 4725, currently trading at 4850 ! ( RR 1:2 )
Dr reddy : Bullish outlookone should go long on current levels with SL of 4730 for the tgt of 5000/ 5150
📈 Pre-open Chart #PriceAction Analysis by #KRMG (08 Oct)👉 Stock 1- #DRREDDY
👉 Sector - PHARMA
👨🏻🏫 Analysis Timeframes - Hourly and 15 min (Intra)
🎯 Commentary - It has been strongly reversed to downside from 5000 Level and it also showing strength in downward direction and has 4750 Level as its next barrier as Hourly Timeframe
If it breaks and sustain Below the CRITICAL ZONE it may start continuation of Downtrend and has space till 4820 Level
Watch for #PriceAction around important CRITICAL ZONE structural points to plan your trade
🎯 Coming to sectoral pattern - #NiftyPharma is currently showing the downside strength from its ALL TIME HIGH Level
#KRMGPriceAction
#LearnWithKRMG
DR REDDY ICHIMOKU PLAYDR REDDY entered the ichimoku cloud today which is a positive sentiment. should move up along with other pharma stocks. targets are mentioned on the chart. risk to reward ratio is very favorable here.
Dr Reddy long above 5080 Dr Reddy has given a good breakout from 200MA and taken decent support yesterday.
Strong Buying may continue for this month.
BUY ABOVE 5080 ::::SL 4850-4800 :::TARGET 5220++5450++5600++
THIS IS JUST FOR LEARNING BASIC ...
DO TRADE & INVEST IN THE MARKET WITH YOUR OWN RISK.
STAY SAFE::::STAY WEALHTY
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DRREDDY... LOOKS GOOD TO BUY...A channel within a channel. A breakout from the smaller channel (5150 and above) can easily take the share price to 5600 and above.
Dr. Reddy Buy 5026 SL 5004 TGT 5076Suggestions are based on my analysis only. Please do your analysis before taking any trade.
DRREDDY - Inverse Head & ShouldersNote: This is for educational purpose only. Please do not trade in F&O based on this analysis.
There seems to be formation of Inverse Head & Shoulders. If the neck line is broken, we can initiate a buy in cash. RSI above 65 indicates bullish momentum. Moreover, the stock has more relative strength as compared to Nifty 50.
SL: ₹4825
Dr. Reddy on 1 hr TFDR REDDY is on its great breakout. May be it's greate opportunity we can see in few more days. Its for the holders to get that fast movement.
Dr. Reddy's Weekly Chart AnalysisDr Reddy's might take a Support near the trend line . Present Volumes is nearing 20 MA breakout.
Bearish Trend only when there is Comfortable Closing below 4200 levels.
Till then go Long and Accumulate on all Dips.
Disclaimer: This chart is for educational purpose. Please consult of your financial advisor before investing.
DR Reddy - Inverted Head & ShouldersInverted Head & Shoulders on the daily timeframe. Up move is expected very soon.
DREDDYNote:
1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline, not the big target...
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3. Views given here is not a tip rather it is for educational purpose... Aftermarket opens, the condition might change so learn to handle different conditions...
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Keep an eye ladies and gentlemen. Cheers and Happy Trading
DRREDDY - Bullish MomentumDRREDDY Ready to fire Given Entry.
Trade Setup - Monthly
Target Given on Chart
Dr Reddy labs look good for a swing tradeDe Reddy lab is in a very good rish reward ratio one can consider this for a swing trade
Dr Reddy ready for continuation of uptrendThis counter held fort despite todays tragic fall across the board - ATH is the 1st Tgt & 6800+ is Pattern tgt on successful BO - Estimated 1 to 2 Months
IS THE DR BECOMING SICK?In all probability. However,alternatives are possible. Everything is on the chart. sale below 4790 with sl abv 4850-4860. HOWEVER this is my view not A TRADING recommendation.
DRREDDY Levels for 27-sep-21(Intraday) Buy above 4810 for 15,40,70+++
Sell below 4775 for 15,40,70+++
Can comment or ping me for any query or live updates
All views for Educational purpose, Trade at your own risk
