NSE:DRREDDY has been in positive trend with a higher high and higher low. Once again it has taken support of the lows made last week and bounced back well. I personally pefer going long above 4900 for a target of 5300-5500. Use trailing stop loss once entered.
Summary of behaviour of nifty & banknifty & other stocks after US election voting count as on 4th november 2020.
This analysis is purely based on price action. Analysis is done on daily TF hence it may take several days to couple of weeks to reach its target. Traders can also take advantage of this analysis in intraday trades. Trade Strategy along with logic is explained in video itself. Always plan your trade & trade your plan Keep trailing SL accordingly once entered...
This analysis is purely based on Price Action and Chart Patterns Target may reach in intraday trade or in a couple of days. Trade Strategies are shared in image itself with proper Entry level, SL and Target level *Trade on your own risk and money management* Feel Free to comment for any queries or suggestions
Here stock make new support area so with SL of support we can long on it.... Personal advice:- SL :- 4950 Limit :- 5800 Note :- Do not go with my advice , study a trade ! Hello i am Zeel Goswami, Here on my profile you can get best positional & swing trade So you can follow me for bullish ideas Thank you
Buy DR REDDY Setup - 6.4% gain (September 2020)
Dr reddy M/W/D demand zone 4150-3944 PRo: 1. 2 exciting candle in Execution (daily) 2. Co insiding monthly, weekly and daily 3. Just above Monthly demand zone 4. Good structure of Location (Monthly) demand zone 5.Pharma sector is in uptrend, so if any small corection, it can be an oppurtunity cmp: 4505 21 Aug 2020 . price is other end of the monthly , so need...
SPOT: Dr.Reddys Good above 4070, SL 4025 Tgt 4120, 4160
Watch out for dual pattern Ascending Triangle, inv-HnS
On 30 mins Chart clear breakout of pennant on DR Reddy... Go long till Targets on chart.
Intraday Cash Sell DRREDDY @ 4098.50 - 4105 SL 4137 TGT 4030 TK cross over about to take place and some volume on sell after gap up.
Short Term Cash Buy DRREDDY @ 3970 - 3972 SL 3871 TGT 4125 BREAK OUT AND CROSS OVER GO LONG ON SHORT TERM.
Overall Strong Uptrend Move . Previous 6 Days Price Stucked In A Range Formed Inside Bar 5 Candle Close In It . ADX Above 25 +DI Above -DI Buy Above :- 4080 (Aggressive) , 4128 (Conventional ) Sl :- 3950 Target :- 4310-4390 Trail Your Sl And Try to Ride the Big Rally . Happy Trading .