DRREDDYNSE:DRREDDY
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RDDA trade ideas
Dr. reddy looks ready to continue its uptrend if....The chart is pretty self-explanatory.
A buy can be initiated on a bullish signal from the next day's candle.
The reasons are mentioned on the chart itself.
DISCLAIMER: The ideas are merely for educational purposes. Please consult your financial advisors before taking any trade. Trade at your own risk.
DRREDDY UPSIDE POSSIBLEI would not be able to able to explain this chart this time but according to me the chart looks pretty self explanatory.
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100EMA,200EMA,400EMA CROSSOVER ON 30MINHi Trading View Family, Today I have found very intersting chart of DR REDDY, here we can see that on 30min TF we have found 100EMA,200EMA crossing each other when 100EMA cross 400EMA ,We can generate a buy,As100EMA,200EMA,400EMA is forming straight line on chart and then crossing which shows that price has been consolidate and now can go away from MOVING AVERAGE to give movement.So a high probability buy signal will be triggered when 100EMA CROSSES 200EMA,400EMA, and target of 1:2 can be achived.