Dr.Reddy's Wait and Watch for the BreakoutDr.Reddy's is under wait and watch ....if Pharma Stocks turn bullish in coming days then chances of a breakout are high.
RDDA trade ideas
DR REDDYS LABS Falling Wedge Pattern Breakout*DR REDDYS LABS*
Time Frame: Daily
Observation:
* Falling Wedge Pattern Breakout
* Mean (EMA) Diversion On Hourly Time Frame
Resistance/Target: 4612 4931 5077
Support: 4055 3789 3654; Dynamic Support at EMA 200.
DRREDDY sell for intraday tradingDRREDDY sell for intraday trading if stock break the given support level..............
Dr. Reddy's LabsDRL shows ascending triangle pattern on daily chart. We have to wait for breakout on this chart.
CMP = 4237
Breakout level = 4400
Target = 5000
Stop loss = 2 % below breakout level
DR REDDY SWING TRADETook support near channel support line and key level
rsi divergence in lower time frame
BULLISH CHANNEL(ASCENDING CHANNEL)THIS IS CONTINUATION PATTERN.
HIGHER HIGH & HIGHER LOWS WITH EQUAL DISTANCE CHANNEL
Wait for Bullish Engulfing candle
Dr Reddy on Daily chartsIf Dr Reddy sustains above 4000 on daily charts, then it will bounce back above 4400+
DRREDDY sell for intraday tradingDRREDDY sell for intraday trading if stock break the given support level..............
Sell DRREDDY Below 4350NSE:DRREDDY
Pharma Sector looking bearish, If DRREDDY Break 4350
1st TGT 4300
2nd TGT 4150
DRREDDY sell for intraday tradingDRREDDY sell for intraday trading if stock break the given support level........
DR REDDY LABS , has crossed it's ASCENDING TRIANGLE pattern hey guys ,
DR REDDY LAB , stock was moving in a downtrend from a long time,
but now , this stock was moving in a fixed pattern called ASCENDING TRIANGLE PATTERN
at present , this stock has crossed it's RESISTANCE
and taken SUPPORT
as you can see that ,
on previous day , this stock has made a long GREEN CANDLE
and today , this stock has made a candle called DOJI
which has taken SUPPORT on its RESISTANCE
THERFORE , in my opinion you can buy this stock and get high returns ,
I HAVE MARKET THE TARGET AND SL
TO MAKE IT EASY FOR Y'ALL
BUT PLS CONSIDER THE GLOBAL MARKET SITUATIONS
1, INFLATION
2. WAR
3. RISING BANK RATES
4. RISING DUTIES OF CRUDE OIL EXPORT
AFTER CONSIDERING THIS SITUATION
YOU CAN BET ON THIS STOCK
DR REDDY LABS
😀😀
DRREDDY sell for intraday tradingDRREDDY sell for intraday trading if stock and PHARMA sector was also weak then we will enter in trade.........
DRREDDY buy for intraday tradingDRREDDY buy for intraday trading if stock break the given resistance level then we will buy the stock.........
DRREDDY sell for intraday tradingDRREDDY sell for intraday trading if stock and PHARMA sector was also weak then we will short the trade........
#DRREDDY #Priceaction #HADR Reddy 1D: In current market scenario it is preferred to stay with defensives like Pharma / FMCG. In Pharma I see DRL is giving good opportunity to hide behind. HA turned +VE. RSI = 60. Instead any haste rather between 4350 - 4250 can be bought in anticipation of BO for target around 4750 - 4900 with a SL of 4175.
DRREDDY LEVELS...W Candle (27.06.2022)DRREDDY now forms bullish hormonic pattern and breaked trend line ,so we expect 4600-4800 in mid term
DRREDDY BULLISHThere is possibility of 3rd wave. Price took resistance and went down and taking support of 50 EMA and again price is at resistance level. Possibility of Breakout.
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