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DR. REDDY S LABORATORIESDR. REDDY S LABORATORIESDR. REDDY S LABORATORIES

DR. REDDY S LABORATORIES

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DRREDDY trade ideas

DR Reddy's (Ready to Breakout of its consolidation ?)Since the news of Dr. Reddy's collaboration with the Russian counterparts has been out, the stocks has been in a strong bullish momentum. However it seems to have fizzled out a bit and the stock has been consolidating for a while now. However it still is at the verge of breaking out upwards and it might happen as early as Monday. However to continue the bullish momentum some volumes would be needed to support it. However in case the stock reverses there might also be a possibility of a bearish breakout as well. No matter which side the stock should soon give a move and continue to the targets. Keep an eye. Should be interesting.
NSE:DRREDDY
by vinayak.mohta5
2
DRREDDY - NEW ALL-TIME HIGHS with HUGE VOLUME SPIKEThanks for coming to this update. Before you start reading kindly hit that like button. It motivates me to keep doing such work for free. Thanks DRREDDY had a good volume spike in the last trading session and is not making new ALL-TIME HIGHS. The stock has shown upside move each time it had a green volume spike and we can expect the same to happen again. We can expect some pullback but seeing the green volume, but there is a higher likelihood of the stock going up over the next few days. If Nifty and the overall market stays positive we can have some good long setups in it. I would be very cautious ongoing for any long trades if the overall market turns negative and currently Nifty can take either direction. Always keep pulse of Nifty before taking or while in any trades. Please note: These are my views and not trading advice. Please consult your financial adviser before making any trading decision. “Money is made by sitting, not trading.” - Jesse Livermore
NSE:DRREDDYLong
by iSauravKr
DR REDDY - BROKEN RESISTANCE#LEVELSDONTLIE JUST SEE THE BEAUTY OF LEVELS, HAD SHARED THIS CHART ON 11TH AUGUST, AND FROM THERE IT TOOK A MONTH TO CROSS OUR LEVELS. IT ALMOST RETRACED 300 POINTS MORE THAN WHAT WE EXPECTED. AND NOW WHEN FINALLY IT HAS BROKEN, JUST LET IT SUSTAIN OVER 4675, AND IF IT DOES, THEN ITS GOING TO CHALLENGE ITS ALL TIME HIGH OF 4758 AND MAYBE EVEN SCALE NEW HEIGHTS LIKE 4850 OR 5000 IF LUCKY . ****************************************************************************************************************************************************************** Hi all, Its pleasure to have you all here. I have started putting these charts as a contribution from my side to all people who are new to business, as I had to struggle a lot without any sources at disposal. So please consider this a just small contribution from my side. Few Honest Disclosures: 1. Any idea shared is my personal view, its not a recommendation, neither any kind of paid propaganda, so please do your bit of research. 2. Ideas shared does not mean that I trade all or have position in them, this is just a helping hand to all. 3. I expect no comments or like nor any negativity, as I said its just a small helping hand from my side, please plan your risk and trade as per your capacity. 4. To trade in Cash, options or futures is your sole choice and your own risk 5. I am no expert in Tech Indicators, I believe in support resistance and trendline theory, you may use this as a supplement theory for better results. 6. I work for my own living, this is a hobby which I do sincerely to help anyone who might come across my charts. ***********************************************************************************************************************************************
NSE:DRREDDYLong
by akkshay11
6