DRREDDY trade ideas
Drreddy - HnSDrreddy formed Head and Shoulders in daily chart and previosly had pennant and flag on small time frame... Three bullish pattern on one chart with retracement of 50%... Wow...Must be a jackpot trade. 4280-4300 zone has weekly resistance so it may take time to breach.... Targets on chart.
DRREDDY breakoutwith huge volumes after consolidationDRREDDY breakoutwith huge volumes after consolidation for almost 2-3 months
DRREDY Tomorrow On earnings day (29th Jul 2020) Will go 3-6% UpBUY drredy fOR TARGET OF 4200 FROM HERE.
SL 3190
DRREDDY 1HRBearish DEEP CRAB
price need to follow Green Trend line & hit target
If price Breaks Red Trend line is where EXIT before SL hits
POTENTIAL SELL
DRREDDYDRREDDY Ascending trigangle; a breakout from this with good volume will trigger good up movement.
DRREDDY - PennantOn 30 mins Chart clear breakout of pennant on DR Reddy... Go long till Targets on chart.
R-00071 Sell DRREDDY @ 4098.50 - 4105 SL 4137 TGT 4030Intraday Cash Sell DRREDDY @ 4098.50 - 4105 SL 4137 TGT 4030
TK cross over about to take place and some volume on sell after gap up.
R-0034 Short Term Cash Buy DRREDDY @3970 - 3972 SL 3871 TGT 4125Short Term Cash Buy DRREDDY @ 3970 - 3972 SL 3871 TGT 4125 BREAK OUT AND CROSS OVER GO LONG ON SHORT TERM.
Trend Reversal Possible . Buy on the Support.The stock is currently trading at a very low price. With the help of some normal indicators and trend lines, it can be found that stock will be positive in this and next week too. Stockist RSI indicator indicating a rise in stock.If Strong Bullish Heikin Ashi Candle on the support as shown on the chart then trend reversal is definitely possible.
DR REDDY , 1 Day Analysis , Inside Bar Overall Strong Uptrend Move .
Previous 6 Days Price Stucked In A Range Formed Inside Bar 5 Candle Close In It .
ADX Above 25
+DI Above -DI
Buy Above :- 4080 (Aggressive) , 4128 (Conventional )
Sl :- 3950
Target :- 4310-4390
Trail Your Sl And Try to Ride the Big Rally .
Happy Trading .
