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Drreddytrades

Bearish Flag Pattern on Dr. Reddy's LaboratoriesThe 1-hour chart for Dr. Reddy's Laboratories (NSE) indicates a bearish flag pattern forming after a recent downtrend. The price is currently consolidating within a small upward channel, suggesting a continuation of the previous bearish move. Current Price: 6,600.00 INR Resistance Level: Around 6,600.00 INR Support Level: 6,526.05 INR The volume is relatively low, which is typical during consolidation phases. A break below the support level of 6,526.05 INR could confirm the bearish continuation, potentially leading to further downside.
NSE:DRREDDYShort
by baddonkey99
DRREDDY--Strong Support @4200 levels.Observations:: ------>> we have detected that the stock is in the form of Head and Shoulders Pattern. ------>> If the demand zone @4600 acts as resistance, will go for sell below left shoulder rejection level, for the target of 4400 and 4200 levels. ------>> We have a great support @4200 , indicating a bullish gap + continuation to upside. ------>> look for buying in these levels to go for the target of upside bearish gap, and 5000 levels.
NSE:DRREDDY
by IIT-Trader
100EMA,200EMA,400EMA CROSSOVER ON 30MINHi Trading View Family, Today I have found very intersting chart of DR REDDY, here we can see that on 30min TF we have found 100EMA,200EMA crossing each other when 100EMA cross 400EMA ,We can generate a buy,As100EMA,200EMA,400EMA is forming straight line on chart and then crossing which shows that price has been consolidate and now can go away from MOVING AVERAGE to give movement.So a high probability buy signal will be triggered when 100EMA CROSSES 200EMA,400EMA, and target of 1:2 can be achived.
NSE:DRREDDYEducation
by bhoirjanmesh3
DR REDDYS LABDr reddys lab. The stock has completed running flat pattern in wave 4 at the weekly lower bollinger band, also weekly oscillator stochastic has completed its pullback cycle at oversold zones and now it has done positive crossover. the wave structure is suggesting the start of the larger degree wave 5, as wave 5 unfolds, the price can attempt to go higher towards 6800, 7000 & more, also there is a possibility of price rising higher more than 7500 if the up move extends towards the upper end of the rising channel. one can invest or go long at current level or in dips (if any) with stoploss of 4400, the weekly swing low of 4446 will now be a major support level to watch out for in the forthcoming weeks. Weekly Cycle wave structure Key Levels are Mentioned on chart Completed running flat pattern in wave 4. Weekly stochastic has done positive crossover at oversold zones and now its uptick Price tooked support from long term horizontal trendline Morning star at weekly lower bollinger band Macd in daily positive crossover and Uptick Rsi in daily Uptick and near 60 Daily Bollinger Dmi adx also positive crossover Disclaimer I am not sebi registered analyst My studies are Educational purpose only Consult with your Financial advisor before trading or investing
NSE:DRREDDYLong
by RK_Chaarts
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.
NSE:DRREDDYLong
by manuagarwal21
3
R-0231 Short Term Cash Buy DRREDDY @5070-5075 SL 4945 TGT 5300Short Term Cash Buy DRREDDY @5070.00-5075 SL 4945 TGT 5300 (Bullish breakout post consolidation) The stock price is 1% lower from intraday high so good entry level. Break resistance 5011 and 5006 on daily and hourly chart so chart looks bullish. Next resistance level 5200/5395 we expect it to break 5200 and move towards 5395. Close to VWAP 5054 once hold can see intraday sudden movement on the upside. TK line cross over again add favourable for the buyer. Once I am publishing it moves 0.5% so looks in good momentum.
NSE:DRREDDYLong
by brainmassfinance