DRREDDY trade ideas
Upside Potential DRREDDYTrend reversal spotted in DRREDDY. Upside move expected.
One can buy when the high breaks and place SL 1ATR below the previous low
dr reddymay be it will took support on the trend line & it will bounce back
RR is favourable..make it in your watchlist
Drreddy - Elliott wave analysis - ABC correction It was doing what exactly expected in earlier updates. The B wave is in progress and may go upside before it starts running down for C wave of corrective cycle.
DRREDDY WEEKLY BEARISH Deep Crab @1.902XA
price need to follow Green Trend line & hit target
If price Breaks Red Trend line is where EXIT before SL hits
POTENTIAL SELL
Drreddy - Elliott wave analysis - Double top formation It ended with truncated ED structure resulting in sharp fall as wave A, which is about to finish soon. Wait for bounce of B wave to short sell for C wave down. It form the double top pattern, but need to confirm the neckline break after correction. The target zone will be 3850.
DRREDDY MONTHLY BEARISH Crab@1.902XA
price need to follow Green Trend line & hit target
If price Breaks Red Trend line is where EXIT before SL hits
POTENTIAL SELL
DRREDDY GO FOR BUY DRREDDY LOOKING STRONG BUT RIGHT NOW ITS JUST WENT OUT FROM THE WEDGE ACCORDING TO ME ONCE IT WILL COME TO MY LEVEL AND WILL ACTIVATE MY BID AND THEN IT WILL START RISE AGAIN HERE ALSO I AM LOOKING FOR 10:1 REWARD TO RISK RATION ANYWAYS IF MARKET WILL NOT COME TO MY LEVEL AND IF MARKET BREAK TODAY'S HIGH THEN CANCEL YOUR BID OTHERWISE WAIT FOR PASS MY BID
Drreddy - Elliott wave analysis - 5th wave up Drreddy has completed 1st wave as leading diagonal and it may be in 3rd wave up, so go long for target above 5600 or higher level.
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.
Drreddy - Elliott wave analysis - 5th wave up Drreddy is moving as expected earlier. Go long with stop level below 4807 for target above 5600 in small pull back.
DR Reddy has formed the Symmetric training pattern it has given DR Reddy has formed the Symmetric training pattern it has given the break on day candle.
Target And Stop loss are updated in the chart
Drreddy - Elliott wave analysis - 5th wave up Drreddy is in 5th wave up in bigger time frame as expected earlier. The 3rd wave up is in progress. wait for pull back to get in to trade near 4900 zone with stop loss below 4657 for the target above 5600 or higher high.
