#LEVELSDONTLIE JUST SEE THE BEAUTY OF LEVELS, HAD SHARED THIS CHART ON 11TH AUGUST, AND FROM THERE IT TOOK A MONTH TO CROSS OUR LEVELS. IT ALMOST RETRACED 300 POINTS MORE THAN WHAT WE EXPECTED. AND NOW WHEN FINALLY IT HAS BROKEN, JUST LET IT SUSTAIN OVER 4675, AND IF IT DOES, THEN ITS GOING TO CHALLENGE ITS ALL TIME HIGH OF 4758 AND MAYBE EVEN SCALE NEW...
Buy DR REDDY Setup - 6.4% gain (September 2020)
CONSOLIDATION THEN A BREAKOUT EXPECTED OR BUY ON DIPS...TGT 4800-4850
inverse head and shoulder in formation once crosses 4485 will show real power and 5th wave target of minimum 4750 and can go upto 4950
Long term survival is a more important thing to consider in trading than short term profitability.
NSE:DRREDDY Explanation is on chart Disclaimer: I am not a SEBI register person please contact your financial advisor for advice.
Dr. Reddy can try to fill gap and can take it as support and can be move back up
After giving weekly and daily breakout - dr.reddy gives pull-back..opportunity for get in..
4th wave may end here and 5th wave may take it to 4900 to 5500 level. trendline sapport and stochastic and rsi also in oversold condition. MACD also.
4th wave may end here and 5th wave may take to 4900 to 5500 .trend line sapport.
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...
enter on breakout of triangle and trendline
DR REDDY LOOKING TO HAVE SOME MOVEMENT.