Trade ideas
drreddy Short Term TGT 5700TGT is based flag pole and coming out of downward channel.
Can be flase breakout. Watchout and keep SL.
DRREDDY - Long BountyWe have a bounty on Drreddy. PA has broken out of the retest to a larger consolidation which took several years in the making. The larger consolidation is a classic rounding bottom and the retest was a in the form of a time and price wise minor dip to the breakout level. The retest has now broken out and one can go long here or can wait for a better price (chances of missing out the trade) to 4940 or lower levels.
All the best Y'all!
DR REDDY 1D THE STOCK IS ON THE VERGE OF THE BULLISH DIAMOND PATTERN BREAKOUT ON DAILY CHART.
THE CHARTS ARE LOOKING BULLISH ON LOWER TIME FRAME TOO
THE CONFIRMATION WOULD BE 4970 PLUS CLOSING OF THE BREAKOUT
TARGETS:- 5047, 5089, 5150 AND 5262
SL:- 4820 ON CLOSING BASIS.
NIFTY BANK NIFTY VIEW WITH 5 STOCKSDISCLAIMER : I AM NOT A SEBI RESITERED ADVISOR SO TRADE ON YOUR RISK
BUT I HAVE GOOD EXPERIENCE IN STOCK MATKET FROM LAST 17 YEAR SO I AM JUST SHARING MY EXPERIENCE WITH YOU ALL
INVESTMENT IN STOCK MARKET IS SUBJECT TO MARKET RISK .
DRREDDY Levels for 7-DEC-20(Intraday) Buy above 4950 for 15,40,70++
Sell below 4890 for 15,40,70++
Can comment or ping me for any query
All views for Educational purpose, Trade at your own risk
About to break from the descending channel - DRREDDYDRREDDY - After consolidation, its about to break from the channel.
DR REDDY ANALYSISDr reddy recently broke the trendline , retested it , and now formed a triangle type pattern , retraced 0.618 and going upward . Can go for long if breaks the triangle pattern.
Dr. Reddy's News Driven Breakout All Set for 5200+ in Short TermTechnical Breakout today on the Charts + News Driven Trigger of the Sputnik V Vaccine today. What else is needed in the Setup?
- 5200 might as well be achieved this week i.e. November expiry, quite a high chance
In addition to Nifty Pharma index is also in Bullish mode, Expecting Dr. Reddy's to see New ATHs soon too!
MOVING AVG CONVERGENCE & BREAK OUT OF THE STOCKDR REDDY IS POISED TO BREAK OUT AFTER A LONG 77 DAYS OF CONSOLIDATION.
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.
