DRREDDY trade ideas
DRREDDYDRREDDY Ascending trigangle; a breakout from this with good volume will trigger good up movement.
DRREDDY - PennantOn 30 mins Chart clear breakout of pennant on DR Reddy... Go long till Targets on chart.
R-00071 Sell DRREDDY @ 4098.50 - 4105 SL 4137 TGT 4030Intraday Cash Sell DRREDDY @ 4098.50 - 4105 SL 4137 TGT 4030
TK cross over about to take place and some volume on sell after gap up.
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.
Trend Reversal Possible . Buy on the Support.The stock is currently trading at a very low price. With the help of some normal indicators and trend lines, it can be found that stock will be positive in this and next week too. Stockist RSI indicator indicating a rise in stock.If Strong Bullish Heikin Ashi Candle on the support as shown on the chart then trend reversal is definitely possible.
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 .
Darvas Box !!!Showing consolidation in Darvas Box , wait for breakout or pick it on 20/50 MA you will earn good amount of return. As I wrote AB=CD ?? , there is 60% possibility for that much amount of up move . We all know that it is a good pharma stock so it is possible. Leave that A,B,C,D if you just follow Darvas Box only you can earn good profit.
DR REDDY LONG TERM VIEWDR REDDY formed a bearish bat in monthly timeframe and currently trading inside the reversal zone.
It is expected to move out of the reversal zone and test the support @3720
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 REEDYFollow the trendline, it has been consolidating since last 4 days within larger candle, breakout can be seen on either side.
Dr. Reddy's seems bullish........Dr. Reddy's is showing traction on upside immediate target seems to be 4100+
Buy 4080 CE
