Dr reddy 1W time frame Buy @ 1268 target @ 1408, 1419,1454 Dr reddy 1W time frame
Buy @ 1268 target @ 1408, 1419,1454
Risk reward 1:1
Ascending channel
Its just a view trade@ your own risk
Next report date
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EPS estimate
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0.77 USD
672.58 M USD
3.37 B USD
834.04 M
About DR. REDDY S LABORATORIES
Sector
CEO
Erez Israeli
Headquarters
Hyderabad
Website
Founded
1984
FIGI
BBG000NJ96L6
Dr. Reddy's Laboratories Ltd. engages in the manufacture and marketing of pharmaceutical products. It operates through the following segments: Global Generics, Pharmaceutical Services and Active Ingredients, and Others. The Global Generics segment consists of manufacturing and marketing of prescription and over-the-counter finished pharmaceutical products ready for consumption by the patient, marketed under a brand name or as generic finished dosages with therapeutic equivalence to branded formulations. The Pharmaceutical Services and Active Ingredients segment focuses on manufacturing and marketing of active pharmaceutical ingredients and intermediates, also known as API, which are the principal ingredients for finished pharmaceutical products. The Others segment includes the operations of the subsidiary of the company. The company was founded by Kallam Anji Reddy on February 24, 1984 and is headquartered in Hyderabad, India.
Triple top chart weekly Triple top pattern suggests bearish reversal trend with neckline 1251.
Breaked out done .
Entry -Any high near to neckline
Target - 1039
Triple top chart weekly Triple top chart weekly suggests bearish reversal trend with neckline 1251
Entry Any high near to 1251
Target 1040
Bearish Flag Pattern on Dr. Reddy's LaboratoriesThe 1-hour chart for Dr. Reddy's Laboratories (NSE) indicates a bearish flag pattern forming after a recent downtrend. The price is currently consolidating within a small upward channel, suggesting a continuation of the previous bearish move.
Current Price: 6,600.00 INR
Resistance Level: Around 6,6
drreddy foe swing
buy near 6380
avg at near 6280
sl 6150 4%sl
use capital / 15%of averall capital
tgt4%8%12%
DRREDDY- Analysis for Swing and Long TermOne's looking to buy DRREDDY at a better price can wait and buy around 6200 levels as marked on chart.
This level is a good support, so can be useful for both swing traders to open new positions and for Investors to add on dips.
We need a strong bullish momentum at the support to consider this analy
DR. REDDY LABThe Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart).
Note: Its my view only and its for educational purpose only. Only who has got knowledge about this strategy, will understand what to be done on this
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Displays a symbol's price movements over previous years to identify recurring trends.