As the script had a dramatic fall yesterday, now it seems to be a must watch for next few days. As described in the chart drawing, I feel like immediate trading range is clear.
Hi everyone lucrative opportunity created in drreddy already creaated but I am late to post
Hi buyers dr reddy created best weekly breakout you can plan trade in 4 hour time frame rto reduce small Stop lose enjoy profit
Overall in weekly and monthly it is bullish. It's away from the moving averages. It is suggesting a breakout which is a fakeout as it does not correlates with the moving averages. the target should be 60% fib retracement which is 4520 appx. then it should have a target of above 4700. Let's se if it happens. if i can understand what i have learnt in all these...
In the Weekly Chart of DRREDDY , we can see that, finally it has given a Breakout. Let it retest and then enter with SL.
Volatility contraction pattern on dr reddy weekly charts, Ascending triangle breakout High Buying volumes 7% Tp 1
NSE:DRREDDY This stock is fundamentally at ALL TIME HIGH but its PE at the lower band...... stock taking support of the major trendline (RED) if it breaks 4615 level in WEEKLY TIMEFRAME with strong volume, then it can show a massive rally. this is all for educational purpose, not a stock recommendation for trading. invest at your own risk.
THE IDEA WILL BE ONLY FOR STUDY PURPOSE . wait for the breakout till then keep your eye on the stock .
Dr reddy Up side Target 5335/4950 down side Target 3930/3385 Like, Share, Comment for regular updates. Disclaimer I am not sebi registered analyst My studies are Educational purpose only Please consult with your Financial advisor before trading or investing I may be 100% wrong as its my personal trade.
In the Weekly Chart of DRREDDY , we can see that, it can now decide the trend and flow of it. Lets see in which direction will it take the move.
Our forecast was 3% move in Dr Reddy. We did not have a specific view but yes levels were provided. as said, we got our 3% move.
This stock has created many resistance and two supports recently. A good sell below it's 1st support which is 4355.90 for target of 4298 and a good buy is above the resistance 4439.45 for a target price of 4504.1 Trade wisely, at your own risk appetite. Good luck, Jai hind.
DRRREDDT VCP chart pattern seen. Buy above 2650 closing only
DR REDDY short: CMP 4480 Sl above 4500 Target 4400 Swing / Positional
Double Inside Candle formation in Dr Reddy Labs. Break out should be caught well. May give a good RR trade. Please consult your financial advisor before investing. This is for educational purpose only
Drreddy made ascending triangle pattern on 30 min TF & trying to trade above 4380( triangle breakout & multiple resistance zone) with decent volumes. Could be bought with mentioned stoploss & target.
NSE:DRREDDY trade on breakout side rectangle pattern breakout
Hey traders This healthcare stock is making Ascending triangle pattern on Weekly timeframe chart Resistance zone is 4615 (+-20) levels Support zone is trendline where strong support zone is 3650 zone.