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Dr. Reddys Labaratories (ADRs)Dr. Reddys Labaratories (ADRs)Dr. Reddys Labaratories (ADRs)

Dr. Reddys Labaratories (ADRs)

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RDDA trade ideas

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.
NSE:DRREDDYShort
by SHEETAL_UDESHI
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!!!
NSE:DRREDDYShort
by mmjimm
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!!!!
NSE:DRREDDYShort
by mmjimm
BreakoutA breakout is when the price moves above a resistance level or moves below a support level . Breakouts can be subjective since not all traders will recognize or use the same support and resistance levels. Breakouts provide possible trading opportunities. A breakout to the upside signals traders to possible get long or cover short positions. A breakout to the downside signals traders to possibly get short or to sell long positions. Breakouts with relatively high volume show conviction and interest, and therefore the price is more likely to continue moving in the breakout direction. Breakouts on low relative volume are more prone to failure, so the price is less likely to trend in the breakout direction. Script= Dr Reddy Time Frame = 1 Day
NSE:DRREDDYLong
by Jainshashwat
DRREDDY Symmetrical Triangle formNSE:DRREDDY BSE:DRREDDY Time Frame – Weekly Observations : - * Symmetrical Triangle form breakout above 4650 * Consolidation & range formation between 4000-4650 zone * Weekly 200 SMA strong support (Red line) * Taking trendline support also * Dry volume Resistance – 4930 / 5615 / 6180 / 6830 Support – 4000 & weekly 200 SMA DISCLAIMER : NCFM Certified Technical Analyst. I am not SEBI registered analyst. All posts are for educational purposes only. I am not responsible for your any loss or profit. Consult your adviser before taking any trade. I help people to learn technical analysis & charts reading.
NSE:DRREDDYLong
by Chart_World
Head and Shoulder -A head and shoulders pattern is a technical indicator with a chart pattern of three peaks, where the outer two are close in height, and the middle is the highest. -A head and shoulders pattern—considered one of the most reliable trend reversal patterns—is a chart formation that predicts a bullish-to-bearish trend reversal. -An inverse head and shoulders pattern predicts a bearish-to-bullish trend. -The neckline rests at the support or resistance lines, depending on the pattern direction. Script = DRREDDY Time Frame = 15 min
NSE:DRREDDY
by Jainshashwat
Dr Reddy Cmp 4251 dated 27-12-2022 Hammer Candle @ SupportDr Reddy Cmp 4251 dated 27-12-2022 1. Hammer Candle @ support Buy above 4270 for target 4350-4420-4460-4500 SL 4200 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.
NSE:DRREDDYLong
by SHEETAL_UDESHI
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