A good buy if gap up or breaks the line and 200dema with volume and power candle >> Happy trading :) U can hold the stock or book the profits as u like :)
5100 -5070 - Super support levels given happy trading....
Dr reddy has a clear Chance of upward breakout
Target: 6500 once broken resistance of 5328.95. please see the chart
After a steep correction from highs of 5k plus, looks to form support near 4.3k which happens to the be the trendline support as well. Can enter in cash or deploy hedge trade for safe return. !!
DR REDDYS LABS Bouncing on support Bouncing off Weakly 50 MA Look for buy on trendline breakout targets in green
may retrace more if the fib support area breaks but we can be optimistic about the rally too and if rallied without retracement, we can be sure about the achievement of the 2 TP but if retraced and rallied then ATH and 1TP can be the targets consequently
DRREDDY LOOKS GPOD TO ENTER FOR 3600 WITH SL 3339 POSITIONAL
Are you waiting for some movement for DRREDDY? Here is an echo from the time cycle, and we are bullish for 10th Dec (plus minus one day). Thank You
Dr Reddy had a breakdown from the flag pattern it formed after huge upwards movement and filled and the gap and also consolidated in the range. Last three closing have respected 9 DEMA and a closing above 4875 would mean respect for 21 DEMA also. The stock shall take significant upmove on closing above 4875.
DRREADY IS IN BULLISH WOLFE WAVE CMP 4735 FOR 4958/5110/5320/5475 VIEW INVALID BELOW 4550 Comment: 4886 FROM 4735
ALL THE LEVELS AND PATTERNS ARE MARKED ON CHART, RED ZONES DENOTES SUPPLY ZONES AND GREEN IS FOR DEMAND ZONE . BUY NEAR 4885 FOR TARGETS OF 4962/5000/5040 The indicator used: 1) Daily Lines plots Daily 20 (BLACK) & 50 EMA (GREY) on lower time frame charts 2) TE-REKAB - PB : PULLBACK If you like the analysis, do leave a like and follow for more such content...