RDDA trade ideas
Buy With Strick StoplossYou can Find the there is Head and Shoulder Pattern
follow the stoploss target and Risk Reward Ratio According the table right side the top
DR REDDYSDR REDDYS intraday or 2 days opportunity
entry after 5725 or at dip at 5725
with a stop loss of 5675
targets at 5800, 5825++
Good time to buy Dr. Reddy Great financial
Great valuation
Breakout all time high and Retracement happen.
3 year + consolidation
Technical sound
Fundamental strong
Dr Reddys Laboratories Ltd - Long Term Investment IdeaAs per the current market structure and based on supply & demand, the price may reach around 4500 range (Fibonacci level 61.8%) and would get bounce back from there to reach next high. This would work until it does not break the current Higher high level of 5990.
If it breaks the current HH (5990 Level) then it does not work.
Bullish on Dr Reddy 4 year breakout and take support
Great financial
ATH sales and revenue
Great ROCE N ROE
CNH pattern
For 1 to 3 year.
DR Reddy suggest 7000+ Targets in next 3-4 Months - 20% UpsideDR Reddy suggest 7000+ Targets in next 3-4 Months - 20% Upside
Based on Daily Channel & CUP pattern breakout / Flag Pattern breakout - 20% upside in DR Reddy possible in next 3-4 Months.
Happy investing.
DRREDDY | Investment Pick📊 DETAILS
Sector: Pharmaceuticals & Drugs
Mkt Cap: 90,938 cr
Dr. Reddy's Laboratories Ltd is a leading India-based pharamceutical company which offers a portfolio of products and services, including Active Pharmaceutical Ingredients (APIs), Custom Pharmaceutical services (CPS), generics, biosimilars and differentiated formulations.
TTM PE : 17.87 (Low PE)
Sector PE : 45.28
Beta : 0.49
📚 INSIGHTS
Strong Performer
Stock with good financial performance alongside good to expensive valuation, but lacks price momentum as suggested by technical indicators
9.51% away from 52 week high
Underperformer - Dr Reddys Laboratories down by -0.74% v/s NIFTY 50 down by -0.29% in last 1 month
📈 FINANCIALS
Piotroski Score of 8/9 indicates Strong Financials
Disclaimer: This analysis is for educational purposes only, and I'm not a SEBI registered analyst.
If you found this analysis helpful, I encourage you to like and share it. Your observations and comments are also welcomed below. Your support, likes, follows, and comments motivate me to consistently share valuable insights with you.
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DRREDDY CHRT DRREDDY chart is anlysis
this stoks loking good for swing trad
entry point 6000
stop loss 5540
target 7000 and 7500
DRREDDYDr reddys lab.Already progress in bullish mode. Now retested the trend line support of day time frame. Price expect to 6025.
DRREDDY looks good for swing tradeDRREDDY has recently experienced a significant breakthrough by surpassing a major downtrend trendline. Following this breakthrough, the stock has found support at this trendline, exhibiting resilience during a minor pullback. Impressively, the pullback appears to be reversing, indicating a potential upward momentum.
Given these promising technical signals, the current market conditions suggest an opportune moment for considering an investment in DRREDDY. The combination of the trendline breakout, subsequent support, and signs of a reversal in the pullback could be indicative of a positive trend reversal in the stock. As always, it's essential to conduct thorough research and consider various factors before making any investment decisions.
#DRREDDY #NSE - BULL FLAG BREAKOUTDR REDDYS LABS
Breaking out of a Bull Flag Pattern.
Disclaimer:
For educational purpose only.
Please do your own research before taking any trades.
Happy Trading!
Dr Reddy buy scalps on the wayyapproaching a daily support , expecting a bottom to be made here , would scalp 3-4% here
Drreddy trendline BreakoutDr Reddy trendline breakout with bullish follow up candle
suggest that now it will be in bullish in comming days
DRREDDY - Bullish Wolfe Wave Setup- Horizontal Trend line support at 5200 levels.
- Clear Bullish Wolfe wave setup
- Pharma and Health care sector is picking up momentum, indicating sectoral rotation
DRR - Buy 5221
Provided are the swing levels of Dr. Reddy. 5221 is a crucial level for DRR. If that is not broken, you may please go long with confidence. But, remember tomorrow's candle of 3:25 p.m is very important. Watch it till end of the market tomorrow and buy on 7th only taking high and low of this candle in 1 minute chart as the support and resistance. Means high of it will work as support, if price stays above this and low will act are resistance, if not broken.
Adhere to price and time levels. Do not haste and use William's R% and moving averages to execute.
Disclaimer: I am not a SEBI Registered Analyst. Please consult your financial advisor before making any decision. I will not be responsible for any of your profits/losses. This is only for educational purposes.
My analysis on Dr Reddys chart ?From 20 trading sessions the price has been trading in a range of two important Fibonacci levels. Also the short-term and long-term ema's bands are flattened in the same range. So, currently there is no trend. For an uptrend the price has to breakout the level of 5700 and for a downtrend the price has to breakdown the level of 5400. For another confirmation of a trend after breakout or breakdown we have to check for the crossover of ema bands.
Hit the like button!! Show some energy!!
Disclaimer: This is my pre market analysis and my trading journal. Not a suggestion to buy or sell. This material is for education purposes only.
Thanks
S. Simranjit Singh Virdi
DR REDDY 1HRINTRADAY / SWING TRADE
DR REDDY Looking good for upside..
When it break level 5664 and sustain.. it will go upside...
BUY@ 5664
Target
1st 5736
2nd 5790
DRREDDY OCT FUT – 8 LOT (Qty-1000)
MINIMUM 10L CAPITAL
Enjoy trading traders.. Keep add this STOCK in your watch list..
Big Investor are welcome..
TRADERS HOLD SWING TRADE FOR LONG TARGET
#Drreddy cash : Advance level breakout above 6000 level#Drreddy cash For investment only
18.10.2023
(Levels in advance)
Looks good above 6000.10
Stoploss 5500
Tgt 7400-7500
Cmp 5677
Bullish View On DrreddyIf Drreddy breaks above 5588 and go Higher high, then MAYBE it will go near 5630 and after that tgt 2 is 5695.
