Dr Reddy-5600 possibleDr Reddy after steep fall has given a breakout from a falling trendline on weekly timeframe. Possible targets of 5600.
RDDA trade ideas
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.
Potential Upside Breakout: Consider Dr. Reddy's StockDr. Reddy's Laboratories, a prominent pharmaceutical company, has been showing signs of a positive breakout in recent trading sessions. As always, prudent investors should conduct their own research, but here's why Dr. Reddy's stock deserves consideration as it potentially breaks out to the upside.
From a technical standpoint, the stock's recent upside breakout from a trading channel suggests a potential upward trend.
However, remember that technical analysis should be considered alongside other factors and not relied upon in isolation.
DRREDDY - Weekly channel breakoutDRREDDY gave break out in the weekly time frame. Looks good for short term and long term
DRREDDY - Fill in the gap please ;)How long it gonna take to fillup this 10% gap?
Took nearly 32 candles to touch the resistance point.
Looking to fill-up the 150 points?
Drreddy - Long --5100Drreddy standing strong in falling market also...I have marked levels on Fibo. I think it will touch 4900,4960 then 5020,5060,5100 in coming days..weeks.
VIEW ON DR REDDY LABSAll Pharma stocks are in a good up move
Good chart structure
Target 5070/5130
Stop loss 4950
I am just representing my views
For educational purpose only.
Dr Reddy's |EMA| Channel Breakout |The price closed above EMA 200 and given a parallel channel breakout in daily time frame.
Thanks
-AJ
DR REDDY - Sideways to bearishStock is in ongoing impulse on a major timeframe.
In the short term, it is in an ongoing correction.
In the very short term, the Stock is in the B wave, a breakdown of the recent swing low with good volumes can ensure start of the C wave.
A negative divergence of RSI can be observed in the recent upmove.
Due to Ongoing Flat correction(3-3-5), the rule of equality will hold for A=C. The length of C downward will be at least the length of A.
DRREDDY - Weekly AnalysisIn the Weekly Chart of DRREDDY ,
we can see that; after failure, it is coming up strongly.
Let it retest as shown in chart then enter with SL and Go Long.
DRREDDYLong in DRREDDY as per chart levels are marked in charts stop loss below VWAP cross candle low
Buy Dr REDDY LABBuy Dr Reddy lab 4989, till 4800 for 5300 to 5500. Invalid below 4690. Simple continuation pattern heading towards all time highs
DRREDDY LAB TARGET 4957DRREDDY LAB monthly symmetrical triangle breakout with weekly bullish, If it sustains above 4610 in day chart it will reach the weekly target 4957
DRREDDY - Intraday Trade || 31st May, 2023 #stocks Analysis Criteria Used:
1. Please find the Chart Analysis done for the Intraday Trade Idea levels for 31st May, 2023
2. The analysis for the Trade ideas, has been done based on Trend analysis and Chart Patterns with Volume Buildups
Focus On:
1. Always keeping your Risk Management in play
2. Using a Stop Loss; because it is your Best Friend
3. Always Plan your Trade and stick to your Plan
4. Dont overthink or overanalyse
5. Treat this as your Business and get serious about it
#sharemarket #stockmarket #nifty #sensex #investing #trading #nse #bse #stockmarketindia #stocks #indianstockmarket #investment #stockmarketnews #banknifty #finance #money #intraday #intradaytrading #investor #niftyfifty #dalalstreet #sharemarketindia #sharemarketnews #stockmarketinvesting #business #sharemarkettips #stock #india #indiansharemarket #rakeshjhunjhunwala #bhfyp #mumbai #share #wealth #investment #market #invest #trading #investing #finance #FinancialFreedom #investor #trader #stocks #profit #investors #economy #equity #shares #nifty #stockexchange
DISCLAIMER:
.
* Please do your own research and/or contact your financial advisor before taking any trading opportunities
** We will not be responsible for your profit or loss
*** We are NOT SEBI REGISTERED
______________________
best stocks to buy today
best stocks to buy now
best stocks to buy
best stocks for Intraday tomorrow
best stocks for long term investment
best stocks to buy today india
best stocks for swing trading
swing trading strategies
swing trading beginners
what is swing trading
swing trading stocks
swing trading stock selection
swing trading kya hai
nifty analysis
nifty view
bank nifty analysis
top stocks to buy now
strong stocks
nifty view
nifty prediction
stock market view tomorrow
bank nifty Levels
bank nifty prediction
share news
stock market news
best stocks to buy now
profit booking stocks
multibagger stocks in discount
breakout stocks
best short term stocks
best short term shares
next multibagger stocks
