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Drreddyinvestment

DR. REDDY WEEKLY CHART viewDr. reddy currently at a very crucial point. It is a make or break level.. If it falls can give a great breakdown and if it rises one can add it for some long term gains of around 1000+ points. Trade safe. Manage risk. Be profitable. Please follow us for more simple trading analysis and setups. Also let me know in the comment in case you have any queries. Disclaimer :- This is just my view. Please analyze charts yourself and then decide to take any trades.
NSE:DRREDDY
by simple_trader2022
DR REDDYS LABDr reddys lab. The stock has completed running flat pattern in wave 4 at the weekly lower bollinger band, also weekly oscillator stochastic has completed its pullback cycle at oversold zones and now it has done positive crossover. the wave structure is suggesting the start of the larger degree wave 5, as wave 5 unfolds, the price can attempt to go higher towards 6800, 7000 & more, also there is a possibility of price rising higher more than 7500 if the up move extends towards the upper end of the rising channel. one can invest or go long at current level or in dips (if any) with stoploss of 4400, the weekly swing low of 4446 will now be a major support level to watch out for in the forthcoming weeks. Weekly Cycle wave structure Key Levels are Mentioned on chart Completed running flat pattern in wave 4. Weekly stochastic has done positive crossover at oversold zones and now its uptick Price tooked support from long term horizontal trendline Morning star at weekly lower bollinger band Macd in daily positive crossover and Uptick Rsi in daily Uptick and near 60 Daily Bollinger Dmi adx also positive crossover Disclaimer I am not sebi registered analyst My studies are Educational purpose only Consult with your Financial advisor before trading or investing
NSE:DRREDDYLong
by RK_Chaarts
DRREDDY - Another Gem on my RadarI have also talked about this stock in my previous post, and since then this stock has been trading in a small range near its all-time highs. The reason I am interested in this stock is that every time it came to the lower end of the range, it bounces decisively, though whenever it reaches its upper range, it falls with low momentum and usually forms indecisive candles. Even today it bounced well and it might open gap up tomorrow, and if it opens above the range, it might move fast towards its all-time high i.e. 5512 and beyond.
NSE:DRREDDYLong
by manuagarwal21
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