RDDA trade ideas
DR REDDY'S - CUP AND HANDLE 1500 bps bull run expected Dr Reddy's has given a hug Cup and handle pattern with the length of approx 2500 bps (Rounded off to next 100). 1000 bps already covered since the cup formation. Another 1500 bps rally expected in next 6-12 months. Hold it in long term. A fundamentally strong and promising share expected to give extra-ordinary results due to it new projects from DRDO
CMP - 5300
Target - 6000/6500/7000+ in 6-12 months
DRREDDY - Positional Trade May & JuneExecute Long above 5250 levels only after the trend line broke in Awesome Indicator and Price chart in 1 hour candle close to avoid false signals.
Maintain Strict Stop loss below the strong support zone as mentioned in the chart for a Target of minimum 80 points.
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Disclaimer: Please do your own analysis or consult your Advisor before taking any trade. This view is for educational purposes only.