DrReddy is forming a good ascending triangle.
Pharma/Hospital companies are rising lately with some good earning calls.
A close above 6000 would lead to new highs.
SL: 5500
Targets: 6450/7200
Pink Level is Major S/R
yellow Level is miner S/R
pls find bullish or bearish patterns on level
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DRREDDY price movement in the FLAG pattern range 1hour candle Breakout happen wait for DAY strong close above trend line, If happened Target would be 5950
Support and Resistance Levels:
Based on the price action, you have to identify two significant levels: the red line acting as resistance and the green line acting as support. Additionally, there have marked red and green shades to represent resistance and support zones, respectively.
Support: The green line and green shade represent support levels. These levels...
This Pharma giant has outperformed Nifty 50 in the entire 2023. Starting from Jan.2023 the stock has been making clean and strong impulse moves and easily beating the index returns for the entire year.
The stock completed wave I of 3 between Jan-May 2023 and completed the wave III of 3 subsequently between May-Aug 2023.
Between Aug-Oct 2023 the stock was in a...
DR REDDY is bullish sing for Swing
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DRREDDY looks interesting as it has corrected back to support zone.
Best risk to reward at cmp 4636.65
The next leg of upmove likely to breach previous highs & head to the flag mark.Stop loss should be below support levels of 4449
Its an observation & not suggestion
Trend line breakout with high volume of previous days
Price above all Moving averages
Macd bullish
Good bullish candle
RSI Bullish
Very good chart setup for swing trade
Disclaimer This is my personal view for education purpose only
No Buy sell recommendations.
DR REDDY LABS LTD
Key highlights: 💡⚡
✅On 1Day Time Frame Stock Showing Breakout of Bullish Flag Pattern.
✅ Strong Bullish Candlestick Form on this timeframe.
✅It can give movement up to the Breakout target of 7100+.
✅Can Go Long in this stock by placing a stop loss below 5060-.
dreddy share retracment previous impulse 38% retracment . dreddy price down triangle correction wave a,b,c,d or e . this correction complete price break all time high .
triangle internal Wave A internal a,b,c
Wave B internal a,b,c
Wave C internal a,b,c
Wave D internal a,b,c
Wave E internal a,b,c
Upside Target 5600 or 6000
Stock came out with excellent quarterly results...........stock at confluence support of channel median and AVWAP............also support coming at 50 RSI.............buy the stock for some good moves in coming days!
Dr. Reddy looks good above 600.l0
Technically it is forming a poll and flag pattern and pharma sector is bullish so we can see straight rally in next three months after breakout.
