DRREDDY Levels for 16-SEP-21(Intraday) Buy above 4975 for 15,40,70+++
Sell below 4945 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
Dr Reddy lab preparing for big move.Dr Reddy lab preparing for big move. Inverted HNS formation going on. Bullish flag formation going on. Build up visible at trendline (neck line) resistance. If breaks out and closes above 5000, big move possible towards 5500.
[POSITIONAL] DRREDDY LONG BET
risk: Reward ratio is 1: 2
Rest as per Charts
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Note -
One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells “where” to act in “what direction. Unless it triggers, like, let’s say the candle doesn’t break the level which says “Buy/Sell if it breaks”, You should not buy/sell at all.
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I use shorthands for my trades.
“Positional” - means You can carry these positions and I do not see sharp volatility ahead.
“Intraday” -means You must close this position at any cost by the end of the day.
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Always follow a stop loss.
In the case of Intraday trades, it is mostly the “Low/High of the Candle”.
In the case of Positional trades, it is mostly the previous swings
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Dr Reddy - Ascending Triangle Breakout ViewDrReddys :
Ascending Triangle Breakout possibility
Long above 4952 with SL 4920
DR Reddy Buy For Long termBuy At CMP
Stop Loss 4445 (CLOSING BASIS)
HEY TRADERS,
THIS PREDICTION IS BASED ON A HARMONIC PATTERN AND THE HARMONIC PATTERN IS 100% ACCURATE AND10000% RISKY BECAUSE IT IS AGAINST THE TREND METHOD...
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COMMENTS WRITE DOWN BELOW OF THIS Chart...
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~Disclaimer: "I Am Not Sebi Registered Advisor" All views and charts shared in this terminal are purely for knowledge and information purposes only.
Dr Readdy 15 min viewDr Readdy 15 min view if it opens at that range only and then it gives breakout then only buy or sell. by prajapati9951 for educational purpose
Elliot wave Analysis # Bullish ViewDR REDDYS LABS (30 Mins)
Bullish Sequence
Confirmation to Buy @ 4680
Invalidation level @ 4652
Intraday Target: 4700, 4755 NSE:DRREDDY
Disclaimer: Investment/Trading in securities Market is subject to market risk, past performance is not a guarantee of future performance. The risk of loss in trading and investment in Securities markets including Equites, Derivatives, commodity and Currency can be substantial. ... Investment in markets is subject to market risk.
BUYING FOR LONG SWING Market Cap
₹ 81,726 Cr.
Current Price
₹ 4,912
High / Low
₹ 5,615 / 4,135
Stock P/E
47.0
Book Value
₹ 1,072
Dividend Yield
0.51 %
ROCE
15.4 %
ROE
11.7 %
Face Value
₹ 5.00
Dr Reddy Lab ( DRREDDY )Dr Reddy Lab Have returned from 400 ema in a strong bull run and now consolidating beautifully above 200 ema
Its likely to move higher once moves above 4940 shorting won't be preferred
SL will be bellow 4860
Just for educational purpose
Inverse Head & Shoulder - Right Shoulder on the WayPositional & Investment Pick !!
Please also go through my post dated 29th May related to Dr. Reddy, the link has been attached herewith. It was clearly suggested that there may be correction towards 4400 levels. It took time but eventually it did correct.
4400 levels almost was tested and it bounced back from support around 4440 levels. Expecting Right Shoulder to complete now.
Keep Accumulating for targets suggested on charts.
DR REDDY POTENTIAL REVERSAL?hello check the chart for details and if u have any doubt ask me in comments section
*this chart is not complete yet*
Dr Reddy But at 4922 TGT1 4947 TGT2 4973Please use trendlines for resistance and support. Do your analysis before taking any trade.
[Positional] DrReddy Swing Buy BetNote -
One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells at "where" to act in "what direction. Unless it triggers, like, let's say the candle doesn't break the level which says "Buy if it breaks", You should not buy at all.
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I use shorthands for my trades.
"Positional" - means You can carry these positions and I do not see sharp volatility ahead. (I tally upcoming events and many small kinds of stuff to my own tiny capacity.)
"Intraday" -means You must close this position at any cost by the end of the day.
"Theta" , "Bounce" , "3BB" or "Entropy" - My own systems.
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I won't personally follow any rules. If I "think" (It is never gut feel. It is always some reason.) the trade is wrong, I may take reverse trade. I may carry forward an intraday position. What is meant here - You shouldn't follow me because I may miss updating. You should follow the system I share.
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Like -
Always follow a stop loss.
In the case of Intraday trades, it is mostly the "Day's High".
In the case of Positional trades, it is mostly the previous swings.
I do not use Stop Loss most of the time. But I manage my risk with options as I do most of the trades using derivatives.
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Dr Reddys Bullish DivergenceDr Reddy's is showing a Bullish Divergence on Daily Time Frame.
Breakout levels are marked in Yellow for Long and Short.
The Stock may go up by 7% from the current levels.
Recently Dr Reddy's has also had a definitive Agreement with Citius Pharma for the sale of its entire right of investigational anti-cancer agent and some related assets.
Under the terms of the agreement, Dr Reddy's will receive US$40 Million Upfront upon closing of the transaction.
Breakout level 5000 if sustained for more than 1 hr will take the stock up till Target 1 - 5147 Target 2 - 5300 or may also test all time High or above.
DRREDDY LABS MAKING AN ASCENDING TRIANGLE PATTERNDrreddy Labs making an ascending triangle pattern
BUYERS ARE ACCUMULIATING ON CURRENT LEVELS, GOOD UPWARD MOVE IN INTRADAY IS EXECTED IF THE TREND LINE IS BROKEN!
Dr Reddy Ascending Triangle Dr reddy in the advancing stage ascending triangle formed. May possibly go upside. Kindly consult your financial advisor before taking the trade.
Dr Reddy Labs Bullish Above 5045The chart indicates the Scrip will be bullish above 5045. Can touch 5400, once the barrier is crossed.
Levels for - 06 Sep 2021EXPLANATION : This is a 15 Min time frame chart of DRREDDY . The stock has formed a Ascending Triangle Pattern , I will look to go long if it gives a good breakout of its supply zone and continue the upward rally . I am not comfortable in shorting unless it breaks its trendline with volumes. Entry as per your entry setup .
Support and Resistance for Dr. ReddySupport and Resistance for Dr. Reddy. Please do your own analysis before taking any trades
DRREDDY Levels for 06-SEP-21(Intraday) Buy above 4915 for 15,40,70+++
Sell below 4880 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
