DRREDDY Indian Stocks Elliott Wave technical analysis [Video]
DR REDDY Laboratories Elliott Wave technical analysis
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Function: Trend.
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Mode: Impulsive.
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Structure: Orange Wave 5.
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Position: Navy Blue Wave 1.
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Direction next lower degrees: Navy Blue Wave 2.
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Details: Orange Wave 4 appears complete; Orange Wave 5 is in progress.
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Wave cancel invalid Level: 1018.
On the daily chart of DR REDDY LABORATORIES, Elliott Wave analysis points to a bullish trend. The price movement is currently in an impulsive phase, signaling strong upward momentum. The active wave structure is orange wave 5, which belongs to a larger formation — navy blue wave 1. This wave positioning indicates the stock is in the final leg of an impulsive advance within a broader…
