DRREDDYDRREDDY looking bearish IN WEEKLY time.
sell after above weekly candle close
please wait for weekly candle close.
NOTE- Only for Education Purpose.
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RDDA trade ideas
DR REDDY SWING important levelsDR REDDY is currently trading at 5587.
5800 is weak resistance
Immediate support levels are 5000-4900.
Best support levels are 4300-4500
📉 Alert! Bullish Pattern Spotted! 📉 Alert! Bullish Pattern Spotted!
📊 Pattern: Flag & Pole
📌 Symbol/Asset: DRREDDY
🔍 Description: Stock is making flag & pole pattern and either side breakdown or breakout might will give clear direction.
👉 Disclosure: We are not SEBI registered analysts, this is not a buy or sell recommendation. Technical patterns are just one piece of the puzzle. Consider conducting further research, consulting with a financial advisor, and managing your risks appropriately.
DRREDDY if rises ...cmp=5668.50
for educational purpose only
if rises to shown resistance level can be shorted
sl can be kept with 55 points above resistance line with 15 min candle closing above it.
dr reddy -short stock rose 45 % and its far away from 200 day EMA
Price is facing resistance at pivot point
price RSI MACD divergence
target marked
DRREDDY, 1D Forms Bullish MarubozuNSE:DRREDDY Dr. Reddy's Laboratories is an Indian multinational pharmaceutical company based in Hyderabad. The company was founded by Kallam Anji Reddy, who previously worked in the mentor institute Indian Drugs and Pharmaceuticals Limited. Dr. Reddy manufactures and markets a wide range of pharmaceuticals in India and overseas.
DRREDDY forms Bullish Marubozu on support zone of Weekly TF
Entry : 5673.8
Target : 5890
SL : 5540
RR : 1.6
DRREDDYDRREDDY:- Rounding bottom pattern has been formed, retesting has also been done
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all the successful trades based on price action.
Thanks,
Ajay.
keep learning and keep earning.
DRREDDY - Swing trade set upDRREDDY - Hi folks, my analysis on DRREDDY.
Broke a sept 2020 price resistance - can be considered for long position
Note: I am not a SEBI certified adviser
Dr Reddy Lab Trade ideaLooking good for a target of 5800+. Time frame 9/10 days.
Accumulation can be done with SL of 5604.
DRR - Buy above only 5618.9
Please follow strict discipline. Markets always have a tendency to surprise. If those shocks we can absorb then nothing like that. Key to it is don't try to open market, wait and execute.
Disclaimer:
I am not a SEBI registered Analyst. This is only for educational purposes, I will not be responsible for any of your profits or losses. Please consult your financial advisor before making any decision.
OPPORTUNITY IN DR REDDYI saw shooting star in drreddy on daily time frame . we have a good opportunity to short dr reddy . if the stock cross 5805 level on next trading session, we will be searching short position 15 min or 30 mint time frame in the stock .
Short Selling in $NSE:DRREDDYDear Followers,
I hope this message finds you well. I wanted to bring to your attention a potential intraday opportunity in the Mention stock.
Stock Symbol: NSE:DRREDDY
Entry Price: below 5800
Stop-Loss: 5855
Target Price: 5700,5670
Please note that this is not a trading recommendation, but rather a notification of a potential opportunity that you might want to consider based on your trading strategy. It's important to conduct your own analysis and ensure that this opportunity aligns with your risk tolerance and trading objectives.
Wishing you successful and profitable trading!
Best regards,
Ajay Metha
Dr Reddy, a Multibagger ?Formation of a CUP and Handle pattern on monthly chart will confirm breakout in next 2 to 3 months.
After Breakout looks good to hit 9494.
Disclaimar:-
Just a veiw for education purpose.
Short Entry in Dr ReddysAs Per technical Analysis and OI Data Analysis NSE:DRREDDY Looks Bearish If its break 5630-20 then Probably it will test 5500,5470,5430 Level this levels are base on Volume Data.
as a Trader i am Planning To create Hedge Position.
all traders in August Series
Buy DRREDDYS 5700 CE Near 130-135, and sell Future Below 5650 Stop Loss 5710, target 5570,5530and 5470
Time Frame- 7 Days
Dr Reddy-5600 possibleDr Reddy after steep fall has given a breakout from a falling trendline on weekly timeframe. Possible targets of 5600.
DR REDDYdr ready breaks resistance in big time frame i m looking for upside.
long term = short zone 5074 acc to equity price check pattern in futures chart
small time frame = short zone 5400
also mentioned in chart
DRREDDY is ready to ride. Stock is all set to break its resistance level. It was consolidating in a uptrend rectangular pattern for more than one year, It has given a decent green closing for the week. It seems more likely to give a breakout. We have to wait till it breaks its resistance. On the other side NIFTY has reached at its all time high (ATH) level. So, it might fell down going forward. If Nifty closes with a good green candle on Monday, we are good to go in this.
Dr. Reddy's Laboratories Limited - Long Setup, Move is ON...#DRREDDY trading above Resistance of 5191
Next Resistance is at 5614
Support is at 4865
Here are previous charts:
Chart is self explanatory. Entry, Resistances and Support are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
#DRREDDYTwo full weeks of compression
Burst is activated and shall confirm above 5215
In HTF and LTF Momentum
Bias Upside
DRREDDY 1HRINTRADAY TRADE
DRREDDY LABS Looking good for upside..
When it break level 5190 and sustain.. it will go upside...
BUY@ 5190
Target
1st 5215
2nd 5244
DRREDDY JUL FUT – 8 LOT (Qty-1000)
TRADERS ALSO DO SWING TRADE FOR LONG TARGET
Enjoy trading traders.. Keep add this STOCK in your watch list..
Investor are welcome..
DrREDDYENTRY TARGET SL Mention in the chart.
ALWAYS TAKE TRADE WITH CONFIRMATION
Note : Trading in any financial market is very risky. I post ideas for educational purpose only. It is not financial advice. Do not hold us responsible for any potential loss you may incur. Please consult your financial adviser before trading.
Hanging ManA hanging man candlestick occurs during an uptrend and warns that prices may start falling. The candle is composed of a small real body, a long lower shadow, and little or no upper shadow. The hanging man shows that selling interest is starting to increase. In order for the pattern to be valid, the candle following the hanging man must see the price of the asset decline.
Script = Dr Reddy
Time Frame = 1 Day
DRREDDY For 12%(approx..) Gain DR REDDYS LABS making a symmetrical triangle breakout and may give a profit of 12% and above.
One can wait for Volume as well as weekly closing on chart
CMP : 4650
TG : 5200
SL : Below 20 EMA
Disclaimer : It is my personal view as a trader and for educational purpose only. Equity market involves risk . Please consult your financial adviser before taking any decision.
