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 .
OVERALL NIFTY PHARMA HAS A STRONG BULLISH TREND RIGHT NOW, DRREDDYS CAN SHOW 4216 LEVELS IN COMMING DAYS , LOWER SIDE 3890/3815 LEVELS WOULD BE IMPORTANT TO WATCH VIEWS AND SUGGESTIONS INVITED
Dr. Reddy's is showing traction on upside immediate target seems to be 4100+ Buy 4080 CE
19 MAY 2020 INSTRUMENT: DR REDDY TIME FRAME: DAY Chart type used for confirmation: Renko INDICATORS AND THEIR TRENDS: PSAR: Bearish STOCHASTICS: Bearish MOVING AVERAGE: Bearish ...
According to 4h chart it's a range and below 3935 support will reach target 3800.