DR REDDY BOOK PROFITS.DRREDDY on weekly charts macd divergence and double top , book profits and wait for few years for good price.
Drreddyanalysis
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
Buy Dr Reddey Target 🎯 5000Buy Dr Reddey Target 🎯 5000 it is recently trading at its support and thatwhy I have given target major Resistance.
DR REDDY DrReddy has given a good Breakout
One can go Long with mentioned levels in chart
Hourly time frame chart pattern
Key Levels
MACD pco
DMI ADX UNGALI POSITIVE
RSI above 76
Upper Bollinger Challenged by PRICE
Breakout candle with Good Volume
Disclaimer
I am not sebi registered analyst
My studies are Educational purpose only
Consult with your Financial advisor before trading or investing
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.
Drreddy looking weak towards target ??Drdeddy looking for retracement cycle towards the target of 4650,
Now beauty is as per Retracement cycle & as per astro, both the way it saying some profit booking towards target 4650.
4650 if it reach very speedily then you could be more fall in this counter.
Thanks & Regards
K Sureshkumar
DR REDDY : GETTING READY FOR 6000Dr Reddy chart pattern showing SOME NEWS IS UNDER RADAR....GETTING READY FOR 20-25 PERCENT UPSIDE SOON
DR REDDYS LABS Analysis 02/03/2021may retrace more if the fib support area breaks but we can be optimistic about the rally too and if rallied without retracement, we can be sure about the achievement of the 2 TP
but if retraced and rallied then ATH and 1TP can be the targets consequently
R-0231 Short Term Cash Buy DRREDDY @5070-5075 SL 4945 TGT 5300Short Term Cash Buy DRREDDY @5070.00-5075 SL 4945 TGT 5300 (Bullish breakout post consolidation)
The stock price is 1% lower from intraday high so good entry level.
Break resistance 5011 and 5006 on daily and hourly chart so chart looks bullish. Next resistance level 5200/5395 we expect it to break 5200 and move towards 5395.
Close to VWAP 5054 once hold can see intraday sudden movement on the upside.
TK line cross over again add favourable for the buyer.
Once I am publishing it moves 0.5% so looks in good momentum.
Dr Reddy - Ready for Breakout Above 4875Dr Reddy had a breakdown from the flag pattern it formed after huge upwards movement and filled and the gap and also consolidated in the range.
Last three closing have respected 9 DEMA and a closing above 4875 would mean respect for 21 DEMA also.
The stock shall take significant upmove on closing above 4875.
DR REDDY LOOK OUT FOR THESE LEVELS!!! ALL THE LEVELS AND PATTERNS ARE MARKED ON CHART, RED ZONES DENOTES SUPPLY ZONES AND GREEN IS FOR DEMAND ZONE .
BUY NEAR 4885 FOR TARGETS OF 4962/5000/5040
The indicator used:
1) Daily Lines plots Daily 20 (BLACK) & 50 EMA (GREY) on lower time frame charts
2) TE-REKAB
- PB : PULLBACK
If you like the analysis, do leave a like and follow for more such content coming up.
The analysis is my POV, hope you got bucks in your pocket to consult a financial advisor before investing :P :)
HAPPY TRADING!
DRREDDY - At good support levelThis analysis is purely based on price action.
Analysis is done on daily TF hence it may take several days to couple of weeks to reach its target. Traders can also take advantage of this analysis in intraday trades.
Trade Strategy along with logic is explained in video itself.
Always plan your trade & trade your plan
Keep trailing SL accordingly once entered into the trade.
Trade at your own risk and money management
Feel free to comment for any queries & suggestion
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 .
Dr. Reddy's seems bullish........Dr. Reddy's is showing traction on upside immediate target seems to be 4100+
Buy 4080 CE
