Trade ideas
DRREDDY: Target 2700DRREDDY has broken through the short-term resistance, after taking support at the long-term support line, which coincided with the 50-EMA. Target of 5700, with a closure below the stop-loss line as the stop-loss, could be on the cards.
Extreme rsi reading nice buy or adding opportunity...../
After making covid low on 22nd march of 2020 ....Daily RSI was made new low....But price is far far away from covid low........is it called RSI divergence?
Dr. Reddys Labs: IntradayDr Reddy's Labs is consolidating in a tight range forming a parallel channel on the 15-minute chart. A fresh breakout/breakdown can give a good move.
Possible Buy opportunity DRREDDY - IntradayPossible buy opportunity on intraday basis. plan trade based on breakout and target the nearest supply zone mentioned on the chart
DRREDDY Levels for 05-AUG-21(Intraday) Buy above 4780 for 15,40,70+++
Sell below 4750 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
DRREDDY intraday trade idea#DREDDY entry and exit levels on the chart (refer black/blue lines). Place SL@0.12% of the entry price. Zones (in pink/orange) are the places where it's unsafe to enter. #INTRADAY
Swing buyers can buy it in the range of 5000-5010 for 5250, 5360 with SL below 4930. Expected timeline - 2 weeks once trade triggers.
DRREDDY Levels for 03-AUG-21(Intraday) Buy above 4735 for 15,40,70+++
Sell below 4640 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
#DRREDDY Monthly bullish Weekly bearish#DRREDDY Look at the monthly for the "good" cup and handle pattern with a bullish reverse momentum divergence. Now look the weekly for the bad/ugly where it is forming a double top and approach neckline. To go for long or short depend on your time horizon for the trade.
DRREDDY Levels for 30-JUL-21(Intraday) Buy above 4710 for 15,40,70+++
Sell below 4640 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
Long side DR reddy Any stock cannot move in a vertical direction upward or downward
Dr Reddy has fallen / corrected pretty well Now this is a golden opportunity for swing trade with a target of 3.5 - 6%
Dr reddy is in now support region as you can see in 1 day time frame it is respecting the support well.
support region 4660-4685 level
Good opportunity !!!!!
#### Take at your own Risk To reward #####
ill post my trade result once my trade complete
DRREDDY S&R BASED IDEADr Reddy has taken support at Trend Line. It can fill the Gap between Tread Line and Next Resistance which is at 5000.
Closed just above Trend line support on Weekly Time FrameClosed just above Trend line support on Weekly Time Frame. If manages to break 4780 and closes below it on WTF, expect major profit booking. Those who are still long, be well aware of your SL. On the other hand, it may very well bounce back as well.
Dr reddy - btstBuy from cmp to 4780
easy target 4899
Disclaimer : This is my personal analysis for study purpose not intended for trading
