Dr Reddy's Lab has formed a long-term Cup & Handle pattern and has reached a resistance level. A breach of this resistance shall entail a rise in price level by another INR 1500 from current levels. Let us keep track of it. #drreddylab #drreddy #drreddy'stechnicalstudy #drreddy'scup&handlepattern #drreddy'spricelevel #drreddy'slabpricetarget
The Company had posted extraordinary result as well as giving breakout on charts. The Pharma index also on the verge of breakout after long consolidation. Overall, a good buy in short term on can go for the above mentioned levels even in futures also.
It has crossed the resistance with weak candles and couldn't sustain. It is going to touch its support. Stochastic has moved from Overbought, if crossed it will touch the zone where we can re-enter. Simple charts, so that, everyone can understand. I'll be posting more such ideas like this. Until that, like share and follow :) Thanks, Wayfarer. keep learning...
*DR REDDYS LABS* Time Frame: Daily Observation: * Falling Wedge Pattern Breakout * Mean (EMA) Diversion On Hourly Time Frame Resistance/Target: 4612 4931 5077 Support: 4055 3789 3654; Dynamic Support at EMA 200.
Dr. reddy currently at a very crucial point. It is a make or break level.. If it falls can give a great breakdown and if it rises one can add it for some long term gains of around 1000+ points. Trade safe. Manage risk. Be profitable. Please follow us for more simple trading analysis and setups. Also let me know in the comment in case you have any...
Buying opportunity in drreddy FOR SWING TRADE AS SHOWN NOW IT MAKE DOGI CANNDLE AND IT MAY MOVE UP SIDE ACCORDING TO MY STUDY YOU CAN REFER IT
I would not be able to able to explain this chart this time but according to me the chart looks pretty self explanatory. Please LIKE, COMMENT and SHARE to motivate and support me. I'll keep on posting new ideas on Indices & Stocks. Be sure to follow so that you don't miss any good trades that might have been rewarding. Any comments and critiques will be...
DRREDDY on weekly charts macd divergence and double top , book profits and wait for few years for good price.
Dr reddys lab. The stock has completed running flat pattern in wave 4 at the weekly lower bollinger band, also weekly oscillator stochastic has completed its pullback cycle at oversold zones and now it has done positive crossover. the wave structure is suggesting the start of the larger degree wave 5, as wave 5 unfolds, the price can attempt to go higher towards...
Buy Dr Reddey Target 🎯 5000 it is recently trading at its support and thatwhy I have given target major Resistance.
I have also talked about this stock in my previous post, and since then this stock has been trading in a small range near its all-time highs. The reason I am interested in this stock is that every time it came to the lower end of the range, it bounces decisively, though whenever it reaches its upper range, it falls with low momentum and usually forms indecisive...
Drdeddy looking for retracement cycle towards the target of 4650, Now beauty is as per Retracement cycle & as per astro, both the way it saying some profit booking towards target 4650. 4650 if it reach very speedily then you could be more fall in this counter. Thanks & Regards K Sureshkumar
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
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 .
Dr. Reddy's is showing traction on upside immediate target seems to be 4100+ Buy 4080 CE