Trade ideas
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.
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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
📉 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, 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.
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.
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
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