DRREDDY trade ideas
DRREDDY - Another Gem on my RadarI have also talked about this stock in my previous post, and since then this stock has been trading in a small range near its all-time highs.
The reason I am interested in this stock is that every time it came to the lower end of the range, it bounces decisively, though whenever it reaches its upper range, it falls with low momentum and usually forms indecisive candles.
Even today it bounced well and it might open gap up tomorrow, and if it opens above the range, it might move fast towards its all-time high i.e. 5512 and beyond.
Trend line breakout possibleTrend line breakout possible. Price movement and target as mentioned in chart. Buy cash only.
Educational purpose.
Drreddy looking weak towards target ??Drdeddy looking for retracement cycle towards the target of 4650,
Now beauty is as per Retracement cycle & as per astro, both the way it saying some profit booking towards target 4650.
4650 if it reach very speedily then you could be more fall in this counter.
Thanks & Regards
K Sureshkumar
DR REDDYS LAB - NEGATIVE RSI DIVERGENCEwhile price tends to move higher on the other side RSI is in downtrend which clearly indicates Negative divergence in day chart.
FLAGIt's become flag clear-cut flag and pole pattern it is it to understand and pharma stock and currently as for the situation and perform good so we should consider this as a good pattern
Drreddy | #LetsMakeMoneyTogether | Intra and posi viewA good buy if gap up or breaks the line and 200dema with volume and power candle >> Happy trading :)
U can hold the stock or book the profits as u like :)
DRREDDY is very strong as per chart pattern..DRREDDY has got permitted to distribute sputnik v vaccine in INDIA ,and it has also made emergency medicine, 2-deoxy-D-glucose (2-DG) drug for the treatment of moderate to severe Covid-19..keep an eye on DRREDDY the target is 6200...DYOR
DR REDDY : GETTING READY FOR 6000Dr Reddy chart pattern showing SOME NEWS IS UNDER RADAR....GETTING READY FOR 20-25 PERCENT UPSIDE SOON
Up from support and trend line breakoutUp from support and trend line breakout. Short term target mentioned in chart.
