RDDA trade ideas
DRREDDY | Low risk simple supply and demand play - Potential 20%DRREDDY | Low risk simple supply and demand play - W Pattern - 20% opportunity
CMP : 4510
SL : 4240
Target : 5450
Almost 1:4 risk reward setup
Attached weekly chart in comment section, it is taking excellent support near the previous swing high.
Dr Reddy | 700 Points Target Achieved We shared this idea in the starting of Feb and asked to short this stock near 5000 levels, It made a high of 4900 odd levels and now trading near our first target.
Here is the chart we shared.
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
Dr. Reddy Long @ Rs 4500.1 or belowEntry 4500.1, Last Closing price 4500
Target 5040
SL 4294.8
Dr. Reddy is trading at 4500 and start responding from demand zone. Script is uptrend on weekly basis.
. Buy in cash segment and hold for two weeks.
Disclaimer: author may enter in trade, take your own decision , This is an trading idea not an trading or Investment advice
NSE:DRREDDY