Drreddy Traingular breakoutDrreddy expected to give good breakout and touch 4500, 4600 in coming days.
RDDA trade ideas
Neat & Clean Breakout in Dr. reddy's lab Target 20-25% from hereDr. 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.
Market Cap
₹ 80,814 Cr.
Current Price
₹ 4,853
High / Low
₹ 4,920 / 3,788
Stock P/E
22.2
Book Value
₹ 1,248
Dividend Yield
0.62 %
ROCE
14.1 %
ROE
11.5 %
Face Value
₹ 5.00
Debt
₹ 1,729 Cr.
EPS
₹ 219
PEG Ratio
2.01
Promoter holding
26.7 %
Intrinsic Value
₹ 2,359
Pledged percentage
0.00 %
EVEBITDA
12.8
PROS
Company has reduced debt.
Company is almost debt free.
Company has been maintaining a healthy dividend payout of 21.6%
CONS
Stock is trading at 3.89 times its book value
The company has delivered a poor sales growth of 8.70% over past five years.
Company has a low return on equity of 12.2% over last 3 years.
Well i have done my analysis, Seen neat and clean Breakout (Price and action), MACD bullish crossover, 200EMA all giving buy signal in Dr. Reddy' Lab. i am expecting 20-25% returns safe next 3 to 6 months. If anyone wants to go long can go from given levels on chart.
Please follow strict stop loss.
If anyone really like my work please like and follow me, and also comment me your thoughts also.
Thankyou.:-))
VIEW ON DR REDDYGood chart structure
The stock is in a continuous up move
Once it crosses 4990 can regain May 2021 levels.
I AM JUST REPRSENTING MY VIEWS
FOR EDUCATIONAL PURPOSE ONLY.
Dr. Reddy Sell at CMPDr. Reddy moved well after taking the support at the lower channel line, and made doji at the top of the move, expecting correction of atleaset 100-150 points in coming days or before end of April series. 4810 can be the Stop loss on Closing basis, will down side it can slide up to 4650-4600.
DOCTOR REDDY BULLISHDoctor Reddy is looking very bullish on daily chart by breaking a strong resistance zone and gives a close above on that also we are getting a highest closing of 14 months in last trading session on Friday so the price is indicating that this momentum will continue in it and we can go long for the target of 4847 with the stop loss of daily candle close below the resistance zone and that is 4575.
𝑵𝑶𝑻𝑬- 𝑶𝑵𝑳𝒀 𝑭𝑶𝑹 𝑬𝑫𝑼𝑪𝑨𝑻𝑰𝑶𝑵 𝑷𝑼𝑹𝑷𝑶𝑺𝑬
Dr Reddy Box BO and EMA CrossoverDr Reddy CMP 4763. Chart is showing similar formation as happened in 2019. Showing very good BO of box and EMA cross over. In 2019 stock just doubled from the BO level. One can expect ateast 50% upside from here. For investors the SL is deep at 4200 on closing basis.
DR REDDY for Medium TermDr. Reddy (Daily Time frame) good for long side.
It gave breakout.
It might retest and blast.
Keep on radar.
Dr. Reddy Bulls are BackDR Reddy After multiple testing Levels it has Broken the range
Can Go long
READY BULLS
Dr.Reddy LongLooks Solid ...
Good fundamental Stocks for our Long Term Portfolio .
Breaking out of Triangle pattern .
Expected Target 4930 - 5060 - 5580
Dr.Reddy BullishDrReddy closed 4622.75 with a stop loss of 4510 then targets are 4941-5112.
Buying Reason.
1 --> PRice Breakout of the Trend.
2 --> All EMA gives support.
3 --> RSI is cross 60.
4 --> ADX is showing a Bullish move.
5 --> Volume also shows the Breakout.
DR REDDY BreakoutDr reddy 1 Year breakout on weekly chart.
View only for educational purpose, not for trading and investment.
[Positional] DrReddy Sell Idea
Note -
One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells at "where" to act in "what direction. Unless it triggers, like, let's say the candle doesn't break the level which says "Buy if it breaks", You should not buy at all.
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I use shorthands for my trades.
"Positional" - means You can carry these positions and I do not see sharp volatility ahead. (I tally upcoming events and many small kinds of stuff to my own tiny capacity.)
"Intraday" -means You must close this position at any cost by the end of the day.
"Theta" , "Bounce" , "3BB" or "Entropy" - My own systems.
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I won't personally follow any rules. If I "think" (It is never gut feel. It is always some reason.) the trade is wrong, I may take reverse trade. I may carry forward an intraday position. What is meant here - You shouldn't follow me because I may miss updating. You should follow the system I share.
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Like -
Always follow a stop loss.
In the case of Intraday trades, it is mostly the "Day's High".
In the case of Positional trades, it is mostly the previous swings.
I do not use Stop Loss most of the time. But I manage my risk with options as I do most of the trades using derivatives.
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DRREDDYThe chart presented here is intended for observational purposes only. What is your analysis and prediction for the future trend of DRREDDY?
Dr Reddy ascending triangle!!Stock has been maintaining HL structure and has formed ascending triangle. Buy side trade can be initiated with sl being the trendline or the last swing if risk appetite is more.
Dr Reddy Cmp 4316 dated 28-2-2023 Triangle BreakdownDr Reddy Cmp 4316 dated 28-2-2023
1. Long Triangle Formation
2. Breakdown below 4310
Sell below 4300 for target 4250-4200-4150-4100 SL 4385
Disclaimer :
I am not a SEBI registered Analyst so please do your own Analysis before taking any action.
The above view is shared just for educational purpose.
By no means shall be responsible for any losses amounting out of it incase if any trades on it.
It is just a view, please trade at your own risk.
DRREDDY INTO BEARS WARD ???!!!!Chart pattern depicts the situation clearly
REASONS
1. DRREDDY has been trading in an Ascending channel respecting the levels perfectly .
2. In Monthly timeframe, DRREDDY has given a Breakdown out of the 5 Year old trendline Support (White coloured)
3. Now, it is going through a Downswing(Descending Channel) inside the Ascending channel
4. Right now in Daily timeframe, it is Consolidating tightly in form of a Rounding Top .
5. Target & SL levels mentioned @ chart.
Safer SL - Day close above 4500
Let's wait and watch how it moves!!!!
Note - Just Sharing my view....not a tip nor advice!!!
DRREDDY inside an Inverted Cup & Handle ??!!!Chart patterns look good for a short trade
Reasons(all with respect to 1 hr time frame)
1. Drreddy has been travelling in an ascending channel pattern
2. Recently it broke out of the channel pattern with volume support
3. Inverted Cup & Handle pattern too looks perfect
4. Entry can be made after 1 hr breakdown out of the yellow trendline.
5. Target & Sl mentioned as dashed horizontal lines.
Let's wait & watch , how it is going to move!!!
NOTE - Just sharing my view....not a tip nor advice!!!!
DRREDDY short tradeDRREDDY showing weakness after taking out short side stoploss so looking to short around 4518. Looking forward expecting price moving down towards 4444 and 4380 with trade invalidation on close above 4565. Bear put spread is my preferred way to enter short as the overnight risk is defined.
