RDDA trade ideas
DRREDDY |Inverted Head & shoulder Pattern | 🎯⭕ Trading opportunity ! Chart Alert !!! ⭕
--Buy above =5338 or CMP
--Target = 5511.25 | 5847
--Stop-loss = 5162
--Lot Size = 125
--R:R = 2.89
--Expected Profit = 9.53%
--Expected Holding = 1-2 months only
#ThankU For Checking Out Our Content , We Hope U Liked IT 📌
======================================================
⭕ Technical Reasons to trade or Strategy applied :- ⭕
1) drreddy has formed inverted head & shoulder Pattern
2) Volume is goood
3) Range breakout as well
Guys check out the related ideas as well, it will work really well GUARANTEED !
🙏FOLLOW for more !
👍LIKE if think is useful !
✍COMMENT Below your view !
Dr Reddy- Hanging Man - Top Reversal Candlestick Pattern @ 5200Hanging Man - Top Reversal Candlestick Pattern
Confirmation is must ( Wait for close below 5200) in next week ( No Selling- If stock fails to close below 5200)
------------------------------------------------
Trading Strategy - Sell only below 5200
------------------------------------------------
Targets Downside
4700
4350
----------------------------------------------------------------------------------------------------------------------
Last Idea Published - DRREDDY - Head & Shoulder - Top Reversal Pattern but In this case appeared post a downtrend which has lesser success rate as compared to H&S pattern found at the uptrend
DR Reddy Trade setup for 06 JanThe predicted buy & sell zones plotted are an approximation and for accurate levels use the indicator (tradershedge) which updates the levels on real time and also triggers an alert.
You can make entry decision once you get a confirmation at the respective marked zones and opt for the next successive zones as expected targets in the direction of the trend.
Happy Trading !