MOVING AVG CONVERGENCE & BREAK OUT OF THE STOCKDR REDDY IS POISED TO BREAK OUT AFTER A LONG 77 DAYS OF CONSOLIDATION.
RDDA trade ideas
DRREDDY (D)Went up on rising volume & fall on back of decreasing volumes,
Breakout & Rest,
Sitting comfortably above horizontal support & 50EMA,
looking good at CMP, can reach 5500 & above it will be ATH
SL below 4672 DCB.
DRREDDY Levels for 03-DEC-20(Intraday) Buy above 4865 for 15,40,70++
Sell below 4820 for 15,40,70++
Can comment or ping me for any query
All views for Educational purpose, Trade at your own risk
Bullish breakout from downward sloping channel ?If breaks and sustains below 4600, further downside and if sustains above 4850 -4900 + MACD crossover, bullish breakout ? Neutral in between.
DRREDDY Levels for 01-DEC-20(Intraday) Buy above 4860 for 15,40,70++
Sell below 4800 for 15,40,70++
Can comment or ping me for any query
All views for Educational purpose, Trade at your own risk
DR reddy look promising to go LONGDr reddy having strong support around 4650 and showing sign of swing reversal and try to sustain above this level and having hurdle around 5000 breakout of 5000 will definitely lift the stock to 5600.
Initiate buy in Dr reddy for target of 5200 and 5600 with stoploss of 4657.
#DRREDDY FOR 5200A CLASSIC BULLISH FALLING WEDGE PATTERN WITH PREVIOUS SWING TOP ACTING AS A GOOD SUPPORT DEFINING CHANGE OF POLARITY. REDDY IS STANDING AT A VERY GOOD RR FOR TGTS OF FALLING WEDGE THAT COMES AROUND ALL TIME HIGH.
LONG DRREDDY WITH CLOSING BASIS SL 4760 FOR TGTS 5000/5200/5500
DrReddy - Last chance to buy before another runDrReddy is getting support at 0.618 fib level and the traded volume is also decreasing. In 1-2 days we may see a spike in volume and which will start another bull run. It is also forming a Flag and Pole pattern. If Flag and Pole breakout happens than Target is 5900++ in coming weeks.
heading 6200 ++I am looking for levels of 6200 + in DRL. 4000 on daily closing basis is my SL . 4500-4550 is the level to enter in stock.
Disc : It's not an investment advise to buy or sell
Dr Reddys - Sputnik V breakoutWith testing having started for the Sputnik V and high expectations from the already sucessful testing in Russia, Dr Reddy could become a global supplier for the product post its trails. This is a company with very good USFDA compliance and a future pipeline of excellent products.
Long above 4990. SL at 4800. (A little deeper than usual but its a positional play)
Long for 15-20% gain in short timeRepetitive step and ladder pattern.
Will history repeat itself !!!
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For educational purpose.
