DRREDDY LAP TARGET 7342 STOPLOSS 6963Weekly and day strong resistance of 6963 breakout and weekly closing above that. If sustains above 6963 it will reach the target of 7342
RDDA trade ideas
Dr.Readdy Weekly Breckout good looking stockj buy on every dip and be strong investor..
Dr.Readdy buy above 7000
target 7100,7200,7400
Stoploss 6950
Dr reddy bullish tgt 6700-6880-6950 28/04/24Dr reddy tool Support at major Support level of 5860 and bounced back
Volume rising
ABCD Pattern under formation on weekly chart
SL below 5800
lets see how these evolve
Disclaimer: I am not an expert I just share interesting charts here for educational purpose and not to be taken as buy/sell recommendation. Please seek expert opinion before investing and trading as trading/ investing in market is subject to market risks. I do not hold any position in the stock as on date but I may look to buy on dips with my own Risk Reward matrix.
DRREDDY is ready for fireIn today's trading session, the price has given a breakout of a falling trendline and flag and pole pattern. The price is trading above 14 EMA. MACD is turning positive.
Keep a close watch.
Disclaimer- I am not a SEBI registered technical analyst and adviser. Kindly trade on your risk.
dr reddy cup and handle and support and resistant viewcup and candle pattern formed in weekly chart following 4 years of consolidation
6500 is near resistant trend line
6222 is the near support line
Get ready for a price surge with Dr Reddy & TTK Prestige!DRREDDY
After the market crash in March 2020, the stock began a steady upward movement and formed a Bullish Pennant pattern.
After breaking out, the price surged and encountered resistance multiple times near the 5,550 level.
Consequently, the stock price experienced a significant drop and entered a prolonged consolidation phase.
During this phase, an Inverted Head & Shoulders pattern emerged on the chart.
Most recently, a breakout has occurred, causing the stock to move higher.
TTKPRESTIG
The stock price has developed a Head & Shoulder pattern on the weekly chart.
After the pattern breakdown, the price underwent a significant consolidation period and created a Double Bottom pattern, suggesting a potential reversal in the trend.
By breaking above the pattern's neckline, the price is now moving upwards with a substantial potential for gains.
DR REDDY IS A BUY NOWDr. Reddy's is currently in an uptrend, retracing to its previous high. It's advisable to buy at every dip as the targets are set quite high.
DR REDDYSI Observed these Levels based on price action and Demand & Supply which is My Own Concept Called "PENDAM CONCEPTS" ... Please Don't Take any trades based on this chart/Post...because this chart is for educational purpose only not for Buy or Sell Recommendation.. Thank Q
DRREDDY Hourly Chart suggest 5% upside in 5-10 daysDRREDDY Hourly Chart suggest 5% upside in 5-10 days ... Targets 6000+
Happy Investing.
DRREDDY Dr reddy's lab is making a cup and handle formation in the chart, if its breakout is confirmed at level 6125 after the breakout we will take entry after it is retested there are 1st target is 6400 and 2nd one is 6500
Dr. Reddy's Laboratories Limited - Long Setup, Move is ON...#DRREDDY trading above Resistance of 5967
Next Resistance is at 6474
Support is at 5390
Here are previous charts:
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
IS IT ABOUT TO BREAK ATH DR. ReddyHello Traders,
Dr Reddy good Price Action seen in last few days. HH pattern & impulsive waves on Upperside.
Is It about to Break ATH levels once the levels are broken plan out for an Target of 6800 with the minimal risk.
HAPPY TRADING
PRINCE
DR Reddy's LabsPullBack in 1D time frame at 61% fib levels
Buy Above 4740
SL - 4660
TP1 - 4820
TP2 - 4902
TP3 - 4977
DRREDDY MOMENTUM UNDER RADARDr. Reddy's Laboratories Ltd. is an interesting stock to keep on radar
1. RSI on all time frames above 60
2. High Trade and Delivery Quantity during week
3. Increasing relative Strength - Bench Mark index
4. Increasing relative Strength - Sectoral index
5. 20 SMA Crossing 50 SMA from below recently
6. Stock outperforming sectoral index both 1 week and 3 months
7. Big Green Marubozu Candle with high volume on weekly chart
8. Price walking on Upper Bollinger band on daily chart
9. Price crossed above 20 Week SMA during last week
Major Support 6000-6130 zone Next Resistances near 6500 - 6853 zone
Keep on Radar and Lets See How it evolves
Caution : Pharma Shares are subject to volatility on unexpected US FDA restrictions and observations
Disclaimer: NOT A BUY / SELL RECOMMENDATION I am not an expert I just share interesting charts here for educational purpose and not to be taken as buy/sell recommendation. Please seek expert opinion before investing and trading as trading/ investing in market is subject to market risks. I do not hold any position in the stock as on date but I may look to buy on dips with my own Risk Reward matrix.
dr reddy cup with handlecup with handle formation in daily chart
costly stock but valuation is low.
It is just a view, please trade at your own risk. I'm not Sebi registered adviser.
Ready For Liftoff! Big Volume Spike Before Strong Breakout ✅The stock is showing signs of breaking out after forming a descending triangle, signaling a strong upward move.
✅ Strong support around 5500 levels due to the trendline. The breakout above the resistance around 6400 suggests a potential move towards 7000+ levels.
✅RSI is at 65showing strong bullish momentum. MACD histogram is positive, supporting the breakout with bullish signals.
✅Huge volume spike confirms strong buying interest and bullish sentiment, supporting the breakout scenario.
✅The company has shown steady revenue growth and strong profit margins. Its solid balance sheet and effective cost management contribute to financial stability.
✅A leading player in the pharmaceutical industry, the company has a strong presence in the global market. Continuous innovation and expansion provide a competitive edge.
Acquisition positive for the counterDr Reddy CMP 6206
News of acquisition of Nicotinell portfolio from Haleon will be positive for the counter. It is all set to move up very significantly.
DRREDDY now seen to setup his up trendOn daily time fram Dr Reddy showen W pattern brekout. One can see position at entry level 6066 and SL 6000
DRREDDY Decent long term investment for higher levelsDRREDDY looks good enough buy for few months for 7500 levels as price looks to go up after creating a h&s bottom .
Cheers
Falling Wedge pattern breakout in DRREDDYDR REDDY LTD
Key highlights: 💡⚡
✅On 1 Day Time Frame Stock Showing Breakout of Falling Wedge Pattern.
✅Strong Bullish Candlestick Form on this timeframe.
✅It can give movement up to the Breakout target of 6480+.
✅Can Go Long in this Stock by placing a stop loss below 5725-.
DRREDDYDr Reddy Hold 1 to 3 Month
Small Traders Entry 5880 Above Day candle Close
SL 5517 Day candle Bellow Close Only
First Target A to C Range, 2nd Target 1:5
(SL Day candle close only, Target Trigger Price)
All detail for chat. good entry at mark price only. and must stoploss minimum risk and good profit. risk ratio 1:1 in first target. This is not call, Just my idea. Please understand your risk and take full responsibility of your actions
DRReddy - extremely bullishIn charts its clearly showing multiple cup and handle patterns and price making new high levels and looks extremely bullish
