DRREDDY--At Resistance Zone??the stock is now at its resistance zone, where previously a strong selloff is observed from this level. Keep track this level for sell side...we have support at 5100 levels, if this breaks a strong fall is observed.. keep on buyside until this breaks and retest.by IIT-TraderUpdated 15
REDDYS LABS Dr. Reddy's Laboratories Ltd is a leading India-based pharamceutical company which offers a portfolio of products and services, including Active Pharmaceutical Ingredients (APIs), Custom Pharmaceutical services (CPS), generics, biosimilars and differentiated formulations. Stock is trading at 3.80 times its book value and maintaining a healthy dividend payout of 21.6% Zero pledging by promoters , Debt to Equity ratio of 0.17 Good Fundamentals , Stock formed Ascending triangle pattern in chart , breakout above 4465 will give good up move as mentioned Longby madhu2811Updated 15
Trend breakdowntrend formation with huge volume rise on negative side, price running against index gets breakout. Stock price working against Index might see a divergence. next session could give good result if support breaks, chances are Nifty may rise but may be stock pulls down as Nifty already has multiple hurdles to cross if it goes up.Shortby Ethical_Bear111
DRREDDY's is +25% YTD as Double-Digit Gains ContinueDr Reddy's Laboratories (NSE: DRREDDY)(NYSE: RDY) is a > MUN:10B pharma powerhouse based in India with a fast-expanding global footprint. This innovative juggernaut for pharma and biotech has witnessed a highly bullish price action uptrend YTD, with nearly 25% gains registered for its NSE ticker as of market close on Friday, situating share price some 5% above analyst forecasts. After the company released a comprehensive year-end report in recent weeks, it looks like solid fundamentals are underlying this impressive growth. Here are a couple core reasons why I think DRREDDY remains a strong investment opportunity over coming quarters: -In the past month Dr Reddy's has passed two US FDA inspections at three different plants in India. Particularly when looking at a pharma company, adherence to regulatory and quality standards is a make or break. The fact that Dr Reddy's is blazing through FDA inspections with zero observations is a strong sign that the company is upholding the global gold standard when it comes to regulatory/safety adherence, as well as giving a green light for the roll-out of new products. -Expansion into the global generics market will serve as an engine for growth moving forward. The company unveiled its foray into the generics business through the introduction of an innovative business unit called RGenX. Focusing on acute segment products, Dr. Reddy's aims to revolutionize the market by employing a unique model driven by channel partners, empowering retailers to distribute medicines without specific healthcare professional recommendations. This recent bold move, coupled with Dr. Reddy's consistent strides in penetrating the highly significant Indian market, positions the company exceptionally well to thrive amidst the soaring growth of the Indian pharmaceuticals market. Astute investors seeking promising ventures should take heed of this transformative development, as Dr. Reddy's emergence in the generics arena presents a lucrative opportunity for substantial rewards. -ESG values represent a core pillar of DRREDDY's business model, making this a rare investment opportunity in the pharma sector that you can feel good about. A look at the company's year end report evidences the length to which the company has committed itself to ambitious inclusivity and diversity goals by 2030 for its senior leadership, as well as a raft of initiatives intended to bolster environmental sustainability and community building. Above all, the company strives to reach over 1.5B people by 2030, which will represent >10% of the global population! As market segment increases, investors can expect portfolio gains to flow in as well, creating a win-win situation. Lastly, the company has been outperforming both market index baselines and is currently trading above its own MA ribbon. Notwithstanding a dip in share price caused by market jitters in May after missing EPS forecasts for FY Q4, share price has come roaring back, leaving analysts' forecasts in the dust. We're just beginning to witness the bullish potential of this pharma multibagger, if its not already on your watchlist or in your portfolio, I for one would take a second look. Longby BiotechBrandon0
DRREDDY: Broken Channel Drreddy - clearly broken channels as last one year consolidation run. Go long With Stop 4300 for target 5000 5400 5800+++Longby JAIMATADUpdated 1
DRREDDY Clear breakout with a good retracementDRREDDY broke out of the channel and had a clear breakout which is supported by a good retracement at 5117 levels and is poised for a clear up movement. One can place a low risk high profit trading strategy with a target close to its all time highs and a SL just below the support at 5082 levels.Longby sujithzdiffrnt564
DR REDDY channel.DR REDDY has been trading cleanly in a channel. Price takes support at the bottom and gets rejected at the top. Will it face rejection again or breakout of the the channel this time? by Tradeception_0
Breakout In Dr Reddys LabsPrice Breaking Crucial Resistance. Upwards Price Movement is Possible.Longby prakash42570
DR.REDDY BULLISH BREAKOUTThe price of DRREDDY has given a breakout from 5070, which was previously a resistance level in October 2021. If the breakout gets sustained, chances are high that price may go up till:- 1. 5440 2.5610 Entry can be initiated around 5100 Stop Loss- Daily close below 4862 for conservative traders. Aggressive traders can look for daily close below 4980 as their stop loss.Longby rohitkukreja3
DrReddy Lab-Nice breakoutDrReddy Lab-Nice breakout. Capital to be deployed- 20k Investing Price -4950/70 Breakout Price -4939 Stoploss-4588 Targets-5717/6662 #drreddy #nifty50 #NiftyBank #investment #StockMarket #StocksToBuyLongby Microcap_Investor1
DR.reddyDr. Reddy is currently trading on the support of an ascending chart pattern. Its major resistance is 5426-5614 in next few months.Longby BTSTtrade6
$DRREDDY is in the Midst of a Full-Blown Bullish RecoveryDr. Reddy's Laboratories is a leading pharmaceutical and biotechnology company that has established a robust business model, enabling it to achieve sectoral domination in the pharma/biotech industry. With a history spanning several decades, Dr. Reddy's has consistently focused on innovation, research, and development to create a diverse portfolio of high-quality generic drugs, biosimilars, and proprietary pharmaceuticals. The company's business model revolves around a multi-faceted approach that encompasses vertical integration, strategic partnerships, and global market penetration. Dr. Reddy's Laboratories has strategically expanded its operations across geographies, including the United States, Europe, India, and emerging markets, thus securing a strong foothold in various regions. This global presence enables the company to tap into diverse patient populations and healthcare systems, ensuring widespread accessibility to their products. Dr. Reddy's commitment to quality, affordability, and efficacy has propelled its growth and led to sectoral domination in the pharma/biotech industry. The company's extensive research capabilities, coupled with a strong regulatory track record, enable the efficient development and commercialization of complex generics and biosimilars. Furthermore, strategic partnerships and collaborations with global pharmaceutical companies contribute to its continued success. Earlier in Q2, DRREDDY released financials that were largely positive in terms of revenue growth and global expansion yet slightly underperformed EPS forecasts. This caused a bearish market reaction that led to a ~10% drop-off in share price on May 10th. That said, this downturn in investor sentiment has been short-lived. In recent weeks, share price has recovered nearly 7% from a local minimum posted on May 19th while technical indicators are bullish. As shown in the chart, MACD is positive, RSI in fairly-valued territory, and DRREDDY is trading about multiple MA lines. The takeaway from this analysis is that Dr Reddy's is fast making up lost ground from its mid-Q2 dip. Analyst predict up to 27% upside for DRREDDY share price from it current value, meaning we can expect the gains to continue. Given last week's announcement that the company successfully completed Phase I trials for a new anti-rheumatic drug candidate, fundamental catalysts support this forecast. This is not financial advice, but I expect ongoing recovery of DRREDDY share price, in line with analyst price targets and a corresponding BUY rating.Longby dave_kellr852
Dr Reddi present trading rangeAfter the sudden fall, the script has started following the range bound activity, as shown in the chart drawing. Bounce from the lower zone of range shows positive bias till the lower support is intact.by AMGO_Markets0
DRREDDY--Strong Support @4200 levels.Observations:: ------>> we have detected that the stock is in the form of Head and Shoulders Pattern. ------>> If the demand zone @4600 acts as resistance, will go for sell below left shoulder rejection level, for the target of 4400 and 4200 levels. ------>> We have a great support @4200 , indicating a bullish gap + continuation to upside. ------>> look for buying in these levels to go for the target of upside bearish gap, and 5000 levels. by IIT-TraderUpdated 14
Dr Reddy's laboratories is looking BearishDr. Reddy's laboratories Made a bullish move on major levels and then trap them and now making a falling wedge pattern now major support at 4400 if it breaks with huge volume then there is high probability that it starts new bearish trend in it but now Pharma sector can be bullish and it will affect Dr Reddy's laboratories so keep an eye on it. Shortby keshavptdr0
DRREDDY...Ready for this tradeBuy Gave a good breakout.....please follow stoploss....on can take a risk with tomorrows option CE buyLongby JUDEBOY0
Dr sahaeb the Dr ReddyI am still watching the script, I means just watching, will watch it more to gain more experience.by AMGO_Markets1
$RDY is Undervalued and Trending Up After Q4 Earnings DipDr Reddy's (NASDAQ: RDY) is an India-based pharma company that is one of the most dynamic companies in the industry. The company is up nearly +7% YTD, though share price dipped last week after the release of Q4/FY2023 financials due to base business growth lagging behind forecasts. However, I see this recent decrease as a prime window of opportunity to establish or augment a position in RDY given the broader picture their financials paint. Though RDY's EPS slightly missed Zacks Consensus estimate by $0.01, FY2023 EPS was $3.30 compared to $1.72 the year prior, which indicates substantial YoY growth. Furthermore, revenue was up 15% compared to last year, evidencing a strong and growing cash flow for this global pharma giant. Even more promising was the 36% YoY growth Dr Reddys' saw in the category of North American generics, a region that constituted the plurality (40%) of net global sales. These robust growth figures were buoyed by record sales in FY2023 powered by numerous new product launches (including 12 news ANDAs with the US FDA) as RDY engages additional pharma verticals. Likewise, cashflow and cash and hand remains strong, showing that this company has the underlying capital needed to continue funding R&D and global expansion efforts. RDY's fiscal picture for the entirety of FY2023 looks overall strong and very promising for the short and intermediate-term future. Looking at the chart, one can clearly see the dip caused by some bearish sentiment after the release of financials on May 10th. However, both MACD and Momentum indicators are trending positive, suggesting a recovery in share price ahead. Meanwhile the stock maintains an average analyst PT of $61 for 10% upside from its current $55.30; given that share price had already exceeded this consensus estimate before the release of financials, this pullback can be viewed as a temporary recalibration that lays the groundwork for sustained gains moving forward. RDY is a solid pharma midcap with a highly profitable bottom line, significant innovative capital, an ambitious R&D pipeline and a fast-expanding global footprint. Looking forward to see where things go from here, but for now I'm LT bullish on RDY. Longby EagleEyeAnalytics2
Dr ReddyAs the script had a dramatic fall yesterday, now it seems to be a must watch for next few days. As described in the chart drawing, I feel like immediate trading range is clear. by AMGO_Markets2
Dr Reddy Consolidation 1 year and breakoutHi everyone lucrative opportunity created in drreddy already creaated but I am late to postLongby paisachapo1
Dr Reddy Idea for buyingHi buyers dr reddy created best weekly breakout you can plan trade in 4 hour time frame rto reduce small Stop lose enjoy profitLongby paisachapo0
dr reddy short sellOverall in weekly and monthly it is bullish. It's away from the moving averages. It is suggesting a breakout which is a fakeout as it does not correlates with the moving averages. the target should be 60% fib retracement which is 4520 appx. then it should have a target of above 4700. Let's se if it happens. if i can understand what i have learnt in all these years. cheers, Manuby manum24Updated 112
DRREDDY - Weekly AnalysisIn the Weekly Chart of DRREDDY , we can see that, finally it has given a Breakout. Let it retest and then enter with SL.Longby JatinManani2