DRREDDY - Weekly channel breakoutDRREDDY gave break out in the weekly time frame. Looks good for short term and long term
RDDA trade ideas
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
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Dr Reddy's Weekly chart at channel supportDr Reddy's Weekly chart @ channel support.. can be considered long RR 1:2
DRREDDY - Buy on BreakoutBuy on Flag Breakout on 15m
Entry - on Flag Breakout
SL - 4440
Tgt - 4544
Disclaimer - I am not sebi register analysis
DRREDDYAfter analyzing DRREDDY's stock, there are indications that a potential breakout may occur shortly. Several factors suggest that the stock's price could experience a significant movement.
However, it's important to note that stock market investments come with inherent risks, and accurately predicting breakouts or price movements is challenging. It's advisable to consult with a financial advisor or conduct further research to validate the analysis and make informed investment decisions.
Dr reddy 1dtf good opportunity if it take supportDr reddy it is testing major trend line wait for any reversal confirmation if reverses then very minimal stoploss
If it breaks down may be a shorting opportunity
DR REDDY FALLING DOWNAs per my analysis DRREDDY will ready for a fall. Already started breaking the trendline and there is a huge resistance as well
DRREDDY POSSIBLE MOVE ANALYSIS
NSE:DRREDDY @ 4437.95 - LONG & SHORT TGTs and SL are in the Chart. FOR BOTH BREAKOUT or BREAK DOWN, STRONG CLOSING CANDLE IS MUST.
Am bullish here. This idea is for Educational purpose.
DRREADY - Buy near 4400Trendline support near 4400
Buy near 4400
Disclaimer: I am not SEBI register analysist
DRREDDY it looks like drreddy has completed ew5 and ready for some correction , keep an eye . view negated above 5000
Uptrend Channel pattern reversal in DRREDDYSLAB.DRREDDYS LAB
Key highlights: 💡
✅On 1Week Time Frame Stock Showing Reversal of Uptrend Channel Pattern .
✅ It can give movement upto the Reversal final target of below 4400-.
✅There have chances of breakdown of Support level too.
✅ After breakdown of Support level this stock can gives strong downside rally upto below 3806-.
Drreddy Traingular breakoutDrreddy ois ready for big breakout. If it crosses 4941 and sustains for 30min then 5000/5200 are my immediate targets. It is more likely to touch 5000 tomorrow.
Pharma sector is extremely bullish and we can see good rally across multiple pharma stocks tomorrow, Divislab, Metropolis etc.
