Dr Reddy's Laboratories Ltd (DRL) is an integrated global pharmaceutical company, committed to providing affordable and innovative medicines for healthier lives. Through its three businesses - Pharmaceutical Services &Active Ingredients, Global Generics and Proprietary Products. Dr Reddy's began as a supplier to Indian drug manufacturers, but it soon started...
DRL has retraced to its 50% level. A massive correction and for weeks at a low price volatility and volume and break out. Upside could be of 5200 level to 6000 level from long term. The break out of 5000 level would be critical as stock would be volatile for upward move of 6000 level.
Low price volatility would provide an easy exit before SL.
Please do provide...
Drreddy - Elliott Wave Count
Dr. Reddy - It's time to close short positions and buy active now as the next impulsive wave started.
If the red line breaks, the view is invalid. Trade with caution.
NSE:DRREDDY BSE:DRREDDY NSE:DRREDDY1!
Introduction:
In technical analysis, trendlines are one of the most popular and widely used tools for identifying and analyzing market trends. A trendline is a line drawn on a chart to connect a series of highs or lows, and it is often used to identify the overall direction and strength of a trend. In this blog post, we will be discussing the potential bearish...
Stock break neckline with good volume also break 20&50 DEMA.
Chart look very Bearish.
Febonnaci level 0.5 break
Next support 5426 is febonnaci 0.618 level
Macd give sell signal.
Disclaimer This is my personal view for education purpose only.
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...
DRREDDY witnessed a phase of profit booking two weeks ago, subsequently trailed by a week of uncertainty. Notably, this week's trading shows a highly bullish candle that covers more than 80% of the previous two candles' span. This suggests a potential continuation of the upward trend.
DRREDDY looks very strong. It's had multiyear breakout and retested as well.
Technically showing strength. Since its retested and very close to the previous high and at lower risk level. at this level Risk reward would be favor.
$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...
In the dynamic world of pharmaceutical investments, DR. REDDY'S Laboratories (NSE: DRREDDY) (NYSE: RDY) stands out as a notable performer, surpassing Jazz Pharmaceuticals plc (JAZZ), Sarepta Therapeutics, Inc. (SRPT), and the iShares U.S. Pharmaceuticals (IHE) and SPDR S&P Pharmaceuticals (XPH) ETF’s,
In terms of background, DR. REDDY'S Laboratories Ltd. (NSE:...
Stock is consolidating and forming a base in all time frames, and the volume is decreasing on daily basis, so I expect 10 % UP atleast in upcoming days.
This stock is trending upwards from long time.
now price is given us retracement and it is near its demand zone, where a strong rise is observed from this place.
look here for buy, strong rejection to is observed to bottom side.
Dr.Reddy stock last 1yrs was be side ways,
before 2 month box break out happened. But now market again come resistance place so, we will watch next 1 month , if will happen trend reversal we have chances for this script go bullish.
DrReddys Made an Upper Circuit and now looking for support and has already broken the trendline,
Short DrReddys with strict SL of 5810
Should look near 5600 for support.
Reason for long
a) Super vwap
b) QQE long
c) HSP set up breakout
d)Renko long
e) rainbo indicator converged as it is breakout or breakdown zone: The price falled and tried to cross the rainbow indicator from downside to upside is long.
f) another evidence is channel transistion from red zone to blue bullish zone
g) price above the 200 ema
SL compulsory
