R1DY34 trade ideas
DRREDDY is very strong as per chart pattern..DRREDDY has got permitted to distribute sputnik v vaccine in INDIA ,and it has also made emergency medicine, 2-deoxy-D-glucose (2-DG) drug for the treatment of moderate to severe Covid-19..keep an eye on DRREDDY the target is 6200...DYOR
DR REDDY : GETTING READY FOR 6000Dr Reddy chart pattern showing SOME NEWS IS UNDER RADAR....GETTING READY FOR 20-25 PERCENT UPSIDE SOON
Up from support and trend line breakoutUp from support and trend line breakout. Short term target mentioned in chart.
RDY buyzonein buy-zone between 60.87 and 57.85; target is 65.98; this is a low volume stock so have your stops set; stop loss at 54.74; potential r/r 2.59
longPRICE MAKING HNS COMING ABV SUPPORT
ENTER ABV 4420 SL BREAKOUT CANDLE AND TARGET SHOWN BY RED LINES
Drreddy looking good. For Round 2 of rally !!After a steep correction from highs of 5k plus, looks to form support near 4.3k which happens to the be the trendline support as well.
Can enter in cash or deploy hedge trade for safe return. !!
Possible bounce is due..RSI divergence + tested previous consolidation zone + higher volumes than previous few day(s) with green candle.
Breaking of upper trend line may give some long trading opportunity.
Just my study. Not any trading or investing advice.
Supply Zone Broken and Retest doneDR Reddy as long as closing above the supply zone, expect downside target marked on the chart for long term.
Lets' see..
