DRREDDY trade ideas
LOOKING BULLSH (14) BUY AT -4376 , S L -4216 , T P -4700Long term survival is a more important thing to consider in trading than short term profitability.
Stock is cooling down after long run and broken all time highNSE:DRREDDY
Explanation is on chart
Disclaimer: I am not a SEBI register person please contact your financial advisor for advice.
dr.reddy ( breakout & pullbackAfter giving weekly and daily breakout - dr.reddy gives pull-back..opportunity for get in..
dr reddy buy4th wave may end here and 5th wave may take it to 4900 to 5500 level. trendline sapport and stochastic and rsi also in oversold condition. MACD also.
Dr reddy M/W/D demand zone 4150-3944Dr reddy M/W/D demand zone 4150-3944
PRo:
1. 2 exciting candle in Execution (daily)
2. Co insiding monthly, weekly and daily
3. Just above Monthly demand zone
4. Good structure of Location (Monthly) demand zone
5.Pharma sector is in uptrend, so if any small corection, it can be an oppurtunity
cmp: 4505 21 Aug 2020 . price is other end of the monthly , so need to wait few weeks to get entry probably
DR REDDYNSE:DRREDDY
THE TIMEFRAME USED IS QUITE SMALL, CAREFUL BEFORE TRADING
4550 SEEMS TO BE A SUPPORT
IF BROKEN, DOWNSIDE LEVELS WILL 4490, 4444 AND BELOW THAT MAYHEM TILL 4340
TRAIL YOUR STOPS AND TRADE CAUTIOUS, ILLIQUID SCRIPT
******************************************************************************************************************************************************************
Hi all,
Its pleasure to have you all here.
I have started putting these charts as a contribution from my side to all people who are new to business, as I had to struggle a lot without any sources at disposal. So please consider this a just small contribution from my side.
Few Honest Disclosures:
1. Any idea shared is my personal view, its not a recommendation, neither any kind of paid propaganda, so please
do your bit of research.
2. Ideas shared does not mean that I trade all or have position in them, this is just a helping hand to all.
3. I expect no comments or like nor any negativity, as I said its just a small helping hand from my side, please plan your risk and trade as per your capacity.
4. To trade in Cash, options or futures is your sole choice and your own risk
5. I am no expert in Tech Indicators, I believe in support resistance and trendline theory, you may use this as a supplement theory for better results.
6. I work for my own living, this is a hobby which I do sincerely to help anyone who might come across my charts.
***********************************************************************************************************************************************
SPOT: Dr.Reddys Good above 4070, SL 4025 Tgt 4120, 4160SPOT: Dr.Reddys Good above 4070, SL 4025 Tgt 4120, 4160
Drreddy - HnSDrreddy formed Head and Shoulders in daily chart and previosly had pennant and flag on small time frame... Three bullish pattern on one chart with retracement of 50%... Wow...Must be a jackpot trade. 4280-4300 zone has weekly resistance so it may take time to breach.... Targets on chart.
DRREDDY breakoutwith huge volumes after consolidationDRREDDY breakoutwith huge volumes after consolidation for almost 2-3 months
DRREDY Tomorrow On earnings day (29th Jul 2020) Will go 3-6% UpBUY drredy fOR TARGET OF 4200 FROM HERE.
SL 3190
