Dr Reddy Labs Bullish Above 5045The chart indicates the Scrip will be bullish above 5045. Can touch 5400, once the barrier is crossed.
RDDA trade ideas
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
Positional view of Dr reddy labI am sharing actionable view of drreddy lab that can be archiveable target in a week...
Target:-5300-5350 it depends on you how much u can handle (# it is strong resistance in market)
Stop loss- 4862
Entry:- it depends on retesting of market i have
shared a pic u can see there
NOTE:- dont enter before retesting or confirmation of market\\\\ Remember that market is supreme
Respect market if u respect then market will respect💹💹💹
Ek chiz Dhyan me rakhna dosto agar market breakout dene ke badd retest kare or price action banaye jabb hi enter karna or aap ek week tak hold kar sakte hai market ke hisab se target ek hafte me archive hojana cahiye PLEASE DON'T DO ANY THING BEFORE CONFIRMATION
BullishBuy above 4875
Target-5142
Sl 4850/4800 as per your
Reason-strong recovery from downfall
Closing above 4875
Green candle formed above 4875
Rsi showing 57 not over bought on daily tf
If successful close above 5142 may go upto 5400 in coming weeks
Duration. 2-4 weeks
DRREDDY, Medium risky "Trading setup"....By The_RedTickerMakes sense to me...been falling a lot, slowing losing strength.
As such, not a bad stock, makes it worthy of being bought after such a dip.
Its also at an investment level, but I am unable to generate longer duration view so will aim to trade just the chart for now and rethink if it gets into significant profits.
*NOT AN IMMEDIATE BUY, entry level is mentioned on chart. Also, it should be a closing level entry and a closing basis SL.
TF for this setup is DAILY.
#The_RedTicker....
DRREDDY can opt for long. crossing the 200 ema it will gain proper upper momentum and along with the pattern, it shows dual confirmation ;
time duration - about 2 months ;
seems like it can easily break the above lines ;
first target - 5400 , second target - 5600.
purely for educational purpose .
DRREDDY Levels for 03-SEP-21(Intraday) Buy above 4875 for 15,40,70+++
Sell below 4840 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
Dr reddy - buy on dipsBuy from 4835 to 4800
easy target - 5000
Disclaimer : This is my personal analysis for study purpose not intended for trading
DRREDDY GOOD LONG CANDIDATELook good at current levels,,,
expecting good upmove from current levels
stoploss will be todays low
DRREDDY Buy above4707Conditions:
Market sentiment must be positive
Price must be sustained above given price
If it breaks 4000 level and reaches 4007 then "NO ENTRY IN THIS STOCK"
Bounce off a possible trend line; 5.32:1, 20%Can skip the trade as the trend channel has not been confirmed yet.
Proper position sizing is important.
DR REDDY LABS (SWING)Looks good for long for a positional trade , price trading in a traingular pattern, when we observe we got a dragonfly doge at support level in weekly time frame
[ INTRADAY ] 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's Lab - Power of bulls.After a huge erosion of market capitalization of about 20% from all time high in NSE:DRREDDY along with a significant correction in NSE:CNXPHARMA , it looks like NSE:DRREDDY is getting itself ready for a bounce back to hit the previous resistances.
NSE:DRREDDY is travelling in a parallel channel and right now, it is taking support over T2 while beating the bears and forming dragonfly doji candlestick in 1 week timeframe.
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DR REDDY for swingDr Reddy is following a channel and it is at the bottom of the channel. It is showing a good pinbar type candle on weekly time frame. And it can have support of PHARMA sector as it is also at the support. So it can give a good target for a swing trade.
Comment your thoughts below.
DRREDDY NEAR TO DEMAND LEVELHere are the main Elliott wave rules for ABC expanded Flat corrections:
The expanded flat correction pattern subdivides into 3-3-5 internal wave pattern.
Waves C tends towards 162% the length of wave A.
The flat correction wave can appear in any corrective position.
An flat correction wave will usually target the 50% retracement level of the previous move.
Dr. Reddy Laboratories Ltd above 4584.9Buy Dr. Reddy Lab after crossing 4584.9 wait for a while, after crossing Target-1 4599 Target-2 4659
StopLoss after crossing 4585 a little below 4585 say 4580 or 4575
Sold 4200PE of August series of DRReddySold 4200 PE of Aug Series of Dr Reddy @17.6
So Lower BEP = 4182.4
Margin Blocked = 68000
A technical analysis on Dr Reddy's LabAs you can see I am trying to guess the future of the stock, its just my theory on seeing the previous charts, as you can see it has taken good support from the green zone(support zone) in cpr, so an entry at that point would be perfect and go long on the stock for 3 month for return of more than 2000 per share, patience is the key. It will form a head and shoulder in 2 months or less and go for a breakout which will give amazing results. Stock market nowadays is sometimes bearish and our analysis could also go wrong so have a stop loss, Have a good day.
