DR REDDY | SHORT | SWINGAs explained in my earlier post, the weak reversal on DR REDDY has failed.
The stock is now breaking down from the Weekly Pivot and is expected to test 1120 level within this week.
March series could be considered for this.
Next report date
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Report period
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EPS estimate
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Revenue estimate
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0.77 USD
672.58 M USD
3.37 B USD
833.09 M
About DR. REDDY S LABORATORIES
Sector
Industry
CEO
Erez Israeli
Website
Headquarters
Hyderabad
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.
No news here
Looks like there's nothing to report right now
DR REDDY | LONG | WEAK REVERSAL | BTSTDR REDDY is showing signs of a weak Reversal. This is just profit booking in process of the short positions. The overall trend still remains Bearish.
We can anticipate a price rally towards 1187 price level.
However, the sell off is expected to continue in the coming weeks.
I anticipate the stock t
Dr reddy for sellAdvantages and Disadvantages of Value Area Trading
Advantages of Value Area trading:
Provides a clear picture of the market’s value.
Helps to identify key levels of support and resistance.
Can be used to generate trading signals.
Disadvantages of Value Area trading:
Can be difficult to identify th
Analyzing the Market Performance of Dr. Reddy's Laboratories:Analyzing the Market Performance of Dr. Reddy's Laboratories: Trends, Support, and Resistance
Introduction
Lets delve into the recent market performance of Dr. Reddy's Laboratories (DRREDDY), a prominent player in the global pharmaceutical industry. We will examine the stock's technical aspects,
DR Reddy Laboratories Swing TradeHello,
Trend-Based Analysis. Buy the Dips, Sell The Rallies, Also Following the Trend. Let's see where the Price Action takes us, Riding the wave. Potential trade setups based on trend momentum.
Technical analysis based on trend identification and momentum, Looking for high-probability setups with
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Summarizing what the indicators are suggesting.
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An aggregate view of professional's ratings.
Neutral
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Neutral
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Displays a symbol's price movements over previous years to identify recurring trends.