RDY trade ideas
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.
#BEARISH CRAB DRREDDYBearish crab identified in daily time frame. have to find reversal point in smaller time frame..stoploss and targets mentioned in chart..target can be change its depend on if it cross recently top near PRZ.
drreddy inverted head & shoulder pattern breakoutthere is inverted head & shoulder pattern breakout in dis stock for long entry....
Dr Reddy LabsTrading at the top of the structure and that too in a corrective nature. Selling opportunities likely after we break the ST trend line.
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
