DR Reddy weekly and daily chart Strong breakout on both daily and weekly chart
Trend line breakout
Rising volume
Daily RSI >60
Weekly RSI >50
Looks Bullish
DRREDDY
Dr reddy 1W time frame Buy @ 1268 target @ 1408, 1419,1454 Dr reddy 1W time frame
Buy @ 1268 target @ 1408, 1419,1454
Risk reward 1:1
Ascending channel
Its just a view trade@ your own risk
Bearish Flag Pattern on Dr. Reddy's LaboratoriesThe 1-hour chart for Dr. Reddy's Laboratories (NSE) indicates a bearish flag pattern forming after a recent downtrend. The price is currently consolidating within a small upward channel, suggesting a continuation of the previous bearish move.
Current Price: 6,600.00 INR
Resistance Level: Around 6,600.00 INR
Support Level: 6,526.05 INR
The volume is relatively low, which is typical during consolidation phases. A break below the support level of 6,526.05 INR could confirm the bearish continuation, potentially leading to further downside.
DR. REDDY LABThe Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart).
Note: Its my view only and its for educational purpose only. Only who has got knowledge about this strategy, will understand what to be done on this setup. its purely based on my technical analysis only (strategies). we don't focus on the short term moves, we look for only for Bullish or Bearish Impulsive moves on the setups after a good price action is formed as per the strategy. we never get into corrective moves. because it will test our patience and also it will be a bullish or a bearish trap. and try trade the big moves.
we do not get into bullish or bearish traps. We anticipate and get into only big bullish or bearish moves (Impulsive Moves). Just ride the Bullish or Bearish Impulsive Move. Learn & Know the Complete Market Cycle.
Buy Low and Sell High Concept. Buy at Cheaper Price and Sell at Expensive Price.
Please keep your comments useful & respectful.
Keep it simple, keep it Unique.
Thanks for your support
Tradelikemee Academy
Saanjayy KG
Dr. Reddy's Laboratories Limited - Breakout Setup, Move is ON...#DRREDDY trading above Resistance of 6474
Next Resistance is at 7803
Support is at 5786
Here are previous charts:
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
DR.REDDY'S LAB - CUP AND HANDLEDr 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
DR Reddy up for a Boom??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.
Disclaimer: Please note that we are not registered advisors and the views expressed here are solely personal opinions. We strongly recommend consulting with your financial advisors before making any investment decisions. We like everybody else, have the right to be wrong. :)
DR Reddy Ready for Fly in long termDR Reddy has made Flag, and the breakout is done.
Buy and target is 6000, 6500,7000
Buy DRREDDY @ 4485 TGT 4920/5340 Sl below 4200 closing basis 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.
DRREDDY FLAG PATTERNDRREDDY price movement in the FLAG pattern range 1hour candle Breakout happen wait for DAY strong close above trend line, If happened Target would be 5950
My view on DrreddyDRREDDY forming inverse head& shoulder pattern 👆
Looking good for short term for tgt 5950-5980-6000++
Keeping on radar Drreddy 5900 CE
Dr.Reddy's to move into the INR6000-6200 zone in Wave V of 3This Pharma giant has outperformed Nifty 50 in the entire 2023. Starting from Jan.2023 the stock has been making clean and strong impulse moves and easily beating the index returns for the entire year.
The stock completed wave I of 3 between Jan-May 2023 and completed the wave III of 3 subsequently between May-Aug 2023.
Between Aug-Oct 2023 the stock was in a complex wave IV correction and came out of the same with wave i of V of 3 in month of Nov.
The stock now has a minimum of three legs pending to the upside in order to complete the wave V of 3. The remaining legs should be considered as minor sub-divisions of the Wave V itself.
The stock is projected going into the INR 6000-6200 zone from current levels in the coming moves.
On the downside the low of INR 5471 remains a crucial support.
At current levels the stock offers an attractive RR of more than 1:3.
Note*- Views are based on personal observations and opinions. Do your own research before making any trading/investing decisions.
My view on DrreddyDrreddy
On trendline breakout
If sustain above 5690-95
Looking tgt 5800-5840+++
In very short term.
Keeping on radar Drreddy 5650 CE
Trying to make a bottom Dr.Reddy's LabDr 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 exporting to other less-regulated markets that had the advantage of not having to spend time and money on a manufacturing plant that would gain approval from a drug licensing body such as the U.S. Food and Drug Administration (FDA).Its major markets include - USA, India, Russia & CIS countries, and Europe. Dr Reddy Limited CMP is 5478.
The Negative aspects of the company are FIIs are decreasing stake, MFs are decreasing stake and Promoter Holding decreasing. The positive aspects of the company are No debt, zero promoter pledge, improving annual net profit and improving cash from operations.
Entry after closing above 5527. Targets in the stock will be 5642 and 5567. Long term targets in the stock will be 5847 and 5992. Stop loss in the stock should be maintained at closing below 5270.
The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message.
#PANACEABIO 165 Buy Recommended- Rachit Sethia PANACEABIO 165
NSE:PANACEABIO
TARGET 225
SL 135
Return 36%
TIME FRAME < 6 Months
RR > 2
Factors: BULLISH WEDGE BREAKOUT Trend Following Rising Volume with rising Prices. Flag pattern breakout. Pennant Pattern Breakout with Bullish Candle. Retest Successful. Higher Highs & Higher Lows. Broken above RESISTANCE levels Trading at SUPPORT levels Earnings are strong. Bullish Wedge Breakout Risk Return Ratio is healthy. And Rising from Double Bottom Pattern to Flag Pattern forming. If you like my work KINDLY LIKE SHARE & FOLLOW this page for free Stock Recommendations. With 💚 from Rachit Sethia
DRREDDY- Next Up move StartedDrreddy - 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!
DRREDDY Looking Bullish At TopDRREDDY 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--Demand zoneThis 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.
DRREDDY--At Resistance Zone??the stock is now at its resistance zone,
where previously a strong selloff is observed from this level.
Keep track this level for sell side...we have support at 5100 levels, if this breaks a strong fall is observed..
keep on buyside until this breaks and retest.
REDDYS LABS Dr. Reddy's Laboratories Ltd is a leading India-based pharamceutical company which offers a portfolio of products and services, including Active Pharmaceutical Ingredients (APIs), Custom Pharmaceutical services (CPS), generics, biosimilars and differentiated formulations.
Stock is trading at 3.80 times its book value and maintaining a healthy dividend payout of 21.6%
Zero pledging by promoters , Debt to Equity ratio of 0.17
Good Fundamentals , Stock formed Ascending triangle pattern in chart , breakout above 4465 will give good up move as mentioned
DR REDDY channel.DR REDDY has been trading cleanly in a channel. Price takes support at the bottom and gets rejected at the top. Will it face rejection again or breakout of the the channel this time?
