Breakout of Symmetrical triangle DRREDDY!!!Breakout of Symmetrical triangle DRREDDY
close above 2675 will take it to 2800
Support at 2600
resistance at 2800
RDY trade ideas
#DRREDDY Cup and Holder Break out #DRREDDY Cup and Holder Break out , targett depth of the cup which is at 3400, 0.618 fib level at 3432. Stop loss below handle so risk reward 1.37
Cup and Holder Pattern Breakout on Weekly for DRREDDYCup and Holder Pattern Breakout on Weekly for DRREDDY
RDY - Bull PENNANTWatching for entry on any signs of bullishness here above $37.48. Starting to find support on the cloud. Q4 announcement Feb 1st. New drug(s) release - migraine med + propofol injectable. 0.2 % capital. Super tight stop - a few cents below 20 ema. Consider waiting for price to tighten up a bit more before getting in.
Top resistance breakout-Dr.Reddy'sDr.Reddy's has broken its top resistance zone and is bullish throughout the day. It is a good opportunity for the astute investors who are looking to accumulate it. The fundamentals have been very strong. It has posted a record rise in revenues in recent financial reporting, cleared lawsuits in the launch of generic drugs and is a top choice for diversification of portfolio. Clear confirmation signals from MACD, RSI and Slow Stochastics as well.
DRREDDY MIDTERM TRADE SETUP
AS discussed in our channel www.t.me Dr Reddy is looking good for midterm positional trade with area marked in green as potential targets.
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Dr Reddys LABStart Accumulation of DR REDDYS LAB:
POSITIONAL BUY
Till This YEAR END Only.
MUST watch.
DRREDDY - Fib BuyExpecting the marked Long to play out, so selling the Put Option at 2000 strike price in the expectation of it expiring OTM.
DR Reddy Lab - Possible 50-150% up side move in a YearTHe Technical shows that major trend of DR reddy is bearish and it's about a correction and about to trend reversal.
Dr. Reddy LaboratoriesPrice has shown strong recovery, but is at resistances for now with the Daily RSI also at Overbought. The up-side is likely to be very limited for now, might not cross 2200 this series, so one can consider selling 2200 CE June series.
DrReddy, 200 DMACovered this stock earlier when price made a bottom. Pharma Industry is showing signs of recovery after of 4 years of lull. The stock made a steep move to cross 200 DMA and then corrected towards 200 DMA. Now if 200 DMA provides support, price may see the swing high. 50 DMA may give an upward cross to 100 DMA, will boost bulls. Immediate resistance lies at 2300 since Calls at this strike is the highest.
Downward Slopping Wedge break out . Looks good above 2335.Downward Slopping Wedge break out . Looks
good above 2335.
Dr. ReddyBullish engulfing candle
Long above 2276 for targets of 2336 with stop loss at 2244
Published views are for educational purpose only
