A clean consolidation setup Continuation of uptrend Quaterly result week so volatility will act Solid stock Green lines are targets Red line is stop loss Trade accordingly !!
The recent price movement of Dr. Reddy's stock appears positive and indicates the potential for significant growth. The chart is also relatively easy to interpret, reinforcing this view. If you found our content valuable, please consider giving us a like. Additionally, if you have any thoughts or comments to share, we encourage you to leave a comment. ...
NESTLEIND and Dr. Reddy's Laboratories agreed to set up a new joint venture consolidating their nutritional businesses, according to an Indian bourse filing on Thursday. The proposed joint venture will combine Nestle Health Science's nutritional health solutions, vitamins, minerals and health supplements with Dr. Reddy's nutraceuticals, the filing said.
this one might just straight up be an overkill but its all fun and games :) Happy Trading !!!
This script is trading below 20 & 50 MA, with weakness and downtrend visible on the chart. The script has also formed a descending triangle pattern. A breakdown of this triangle may lead to a correction. Entry and target levels are marked on the chart. Stoploss is to be placed above the previous swing high. NIFTY PHARMA INDEX is also weak.
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
after 3 year range breakout with current level Invert H&S breakout with 1H TF with good Volume.
DR Reddy has made Flag, and the breakout is done. Buy and target is 6000, 6500,7000
As per the chart and earnings, it is in consolidation and might continue with the same till next quarterly earning report, will give the above mentioned targets if the quarterly targets are matched as given in commentary in last quarterly report
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.
Dr. Reddy was in a rounding bottom for 160 days and has finally broken out of it Good time to add Keep stoploss at 5500 Target is 10,000
Dr Reddy boroke previous day high, today Target 6380
Dr Reddy might give a further up move for small targets and for INTRADAY or 2,3 days SWING trade. Entry - 6190 above or sustaining between 6190-6200 STOPLOSS - 6130 TARGETS - 6300, 6350++ Note - if any trade or value that's gone from the marked levels then that's not our trade just let it go or wait for it to come back I'm not sebi registered this is my personal view
As per price action formation has been made in 1 week TF. Its a very big move. Always check the sentiments of the market as per technical analysis, if the pattern get its respect. Best of luck to all traders. You are responsible for your Profits and loss, Shared for Educational purpose
All information is for educational purposes only, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. I'm are not responsible for any profit/loss you made.
DRREDDY DAILY CHART Ellipse breakout @ 5857 MOB @ 6400-6475 Support @ 5500 This stock has witnessed an ellipse breakout & is likely to head higher at the projected target MOB @ 6400-6475 Its only an observation & not any suggestion or recommendation.
Support and Resistance Levels: Based on the price action, you have to identify two significant levels: the red line acting as resistance and the green line acting as support. Additionally, there have marked red and green shades to represent resistance and support zones, respectively. Support: The green line and green shade represent support levels. These levels...