Dr Reddy was consolidating in Trangle Pattern for some time and have given breatout. Keep SL as per Risk Managment. DICLAIMER I am not a SEBI registered analyst. My studies are for educational purposes only. Please consult your financial advisor before trading or investing.
On Weekly and Daily TL their is Breakout and 2400 is psychological level. Below 2400 sell position can be made and target can be achieved.
Ascending Triangle Pattern breakdown and small Flag Pattern is Formed. On Breakdown from Flag Pattern sell position can be made. Target 1 214 or 212.50 is for intraday and Target 2 is for positional trade.
Long term Trendline breakout on weekly and daily TL. Above 277 buy positions can be made and targets can be achieved.
On weekly and daily charts looks very strong for buying. On retracement entry can be taken and 2500 target cab be achieved.
On breakout of Flag Pattern buy position can be made. Target 1 is for intraday and target 2 is for positional.