Dr. Reddy's Laboratories Ltd RDY

Jerm88

Text me if you have any questions/comments for me. ----- RDY - Previous analysis was done on 4 Nov (red arrow) -> suggested waiting for a retracement and a successful rebound - Since then, the stock has retraced to test the psychological support at $4 levels - Personally, I would prefer a retracement back to the short-term support so that there is a better...

Jerm88

Text me if you have any questions/comments for me. ----- RDY - Previous analysis was done on 26 Oct (red arrow) -> suggested waiting for a retracement and a successful rebound - Since then, the stock did not have a strong retracement but instead has broken through the psychological resistance at $4 levels - On 12 Oct (blue arrow), I also suggested entry at 3.50...

Jerm88

Text me if you have any questions/comments for me. ----- RDY - Previous analysis was done on 21 Oct (red arrow) -> suggested waiting for a successful rebound around 3.80 levels before plotting entry - If you have taken the suggestion, today’s price action would have provided gains of almost 4% - On 12 Oct, I also suggested entry at 3.50 levels which has seen...

Jerm88

Text me if you have any questions/comments for me. ----- RDY - Previous analysis was done on 12 Oct (red arrow) -> suggested entry at 3.50 levels is believe the stock can form a new all-time high - Since then, the stock rose 10% to create a new all-time high before retracing to the 3.60 resistance-turned-support (orange line) - A successful rebound would be...

Jerm88

Text me if you have any questions/comments for me. ----- RDY - Previous analysis was done on 6 Oct -> suggested waiting for successful rebound at around 3.50 levels before plotting entry - Since then, the stock has nicely rebounded to form a doji today at 3.50 - The strong volume on 8 Oct bodes well for the short-term momentum of the stock - R is less than...

Jerm88

Text me if you have any questions/comments for me. ----- RDY - First time doing a written analysis on RDY - Currently trading near all-time high regions - Uptrend started to form since end-March 2021 - Stock is outperforming the market -> Recent market downtrend has not affected the stock - Current test of the short-term support looks to provide another...

YasBC

-RFB: DB breakout, ATH and consolidated at 38.3 fib level prior to breakout. -TP: Box top -Exit/Stop loss: -4% or MA breakdown.

the_zoro

Could be bullish or break through top. Wait for candle to close above for breakout.

dilille010 Premium

in buy-zone between 60.87 and 57.85; target is 65.98; this is a low volume stock so have your stops set; stop loss at 54.74; potential r/r 2.59

dilille010 Premium

65.94 Target; buy at 57.85, 54.74

Ellat1978

Price has bounsed from 618 fibo and 50EMA. Candle opend and closed above 50EMA. On the weeklee chart you can notice cup and it`s going to add a handle.

Jahcreamer Pro+

haha

IvanLabrie Premium

$RDY has a very strong monthly trend that is currently active, and also a strong daily chart, showing a trend is now active. We can go long risking a fall under the red line on chart, if aggressive, following the daily signal but aiming to capture the monthly trend as well. This would be a huge reward to risk position if it were to pan out favorably for us. I see...

KAS109 Premium

Watching for entry on any signs of bullishness here above $37.48. Starting to find support on the cloud. Q4 announcement Feb 1st. New drug(s) release - migraine med + propofol injectable. 0.2 % capital. Super tight stop - a few cents below 20 ema. Consider waiting for price to tighten up a bit more before getting in.

JPMorgains

This looks like a setup to keep an eye on. Buyers showed up at longer term trend line support and shorter term looks to be in a falling wedge pattern. Watch to to see if the recent strength continues over Friday's highs.