R-0034 Short Term Cash Buy DRREDDY @3970 - 3972 SL 3871 TGT 4125Short Term Cash Buy DRREDDY @ 3970 - 3972 SL 3871 TGT 4125 BREAK OUT AND CROSS OVER GO LONG ON SHORT TERM.
DRREDDY
DR REDDY , 1 Day Analysis , Inside Bar Overall Strong Uptrend Move .
Previous 6 Days Price Stucked In A Range Formed Inside Bar 5 Candle Close In It .
ADX Above 25
+DI Above -DI
Buy Above :- 4080 (Aggressive) , 4128 (Conventional )
Sl :- 3950
Target :- 4310-4390
Trail Your Sl And Try to Ride the Big Rally .
Happy Trading .
DRREDDYS LAB.OVERALL NIFTY PHARMA HAS A STRONG BULLISH TREND RIGHT NOW, DRREDDYS CAN SHOW 4216 LEVELS IN COMMING DAYS ,
LOWER SIDE 3890/3815 LEVELS WOULD BE IMPORTANT TO WATCH
VIEWS AND SUGGESTIONS INVITED
Dr. Reddy's seems bullish........Dr. Reddy's is showing traction on upside immediate target seems to be 4100+
Buy 4080 CE
DR REDDY ::: BEARISH POSITIONAL19 MAY 2020
INSTRUMENT: DR REDDY
TIME FRAME: DAY
Chart type used for confirmation: Renko
INDICATORS AND THEIR TRENDS:
PSAR: Bearish
STOCHASTICS: Bearish MOVING AVERAGE: Bearish SUGGESTED TREND: Bearish
Technical levels
CMP: 3691.95
Sell below: 3611.85
SL: 3725
TARGET 01: 3200
TARGET 02: 2876
My analysis of DR REDDY is it has completed the XABCD pattern and is below the 23.6 Fibonacci level. If it comes below 3610 would prefer shorting it for targets 3200 to 2876.
Sell below 3935 to target 3800According to 4h chart it's a range and below 3935 support will reach target 3800.
BUY DRREDDY (Dr.Reddy's Laboratories Ltd) ABOVE 2916BUY DRREDDY (Dr.Reddy's Laboratories Ltd) ABOVE 2916
DRREDDY (Dr.Reddy's Laboratories Ltd) BUY ABOVE 2875DRREDDY (Dr.Reddy's Laboratories Ltd) BUY ABOVE 2875
Dr Reddy Short for 2460 levels. Weekly Resistance at 2960 levelsDr Reddy Short for 2460 levels. Weekly Resistance at 2960 levels
DRREDDY (Dr.Reddy's Laboratories Ltd) SELL BELOW 2746DRREDDY (Dr.Reddy's Laboratories Ltd) SELL BELOW 2746
Breakout of Symmetrical triangle DRREDDY!!!Breakout of Symmetrical triangle DRREDDY
close above 2675 will take it to 2800
Support at 2600
resistance at 2800
DRREDDY MIDTERM TRADE SETUP
AS discussed in our channel www.t.me Dr Reddy is looking good for midterm positional trade with area marked in green as potential targets.
DISCLAIMER:
The Legal stuff - I'm not financial adviser and all the charts posted are for paper trading .
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DR Reddy Lab - Possible 50-150% up side move in a YearTHe Technical shows that major trend of DR reddy is bearish and it's about a correction and about to trend reversal.
DRREDDY 15 min chartsafter formation of an "V"....small channel ..then small channel broke itself...seems as if there is an formation of a bigger channel..which can take drreddy to an tgt - 2051...1963 has acted as an good support and resistance many times...however if 1963 breaks ..my view turns bearish with an tgt of 1894.
DRREDDY ShortOne can short drreddy below 2055 keeping stop loss of 2091 , 1st target is 1995, 2nd target is 1946.. one can also buy april 2000 put around 45-50.... just my view. do it on your own risk.......
DRREDDY buybuy call has been generated , one can buy above 2175 keeping stop loss of 2090, 1st target can be 2218, 2nd target can be 2262. ... do it at your own risk......
DRREDDY pivot pointDRREDDY pivot point.. Get clue from pharma sector .. worth a contrarian buy as overall market about to go risk off for coming months. Look for false break to 2200 where gap exist from 8 December
Looks like the stock is headed higherLooks like the stock is headed higher. The volume is slowly picking up..looking for target of 3100 and more.
