That Time We Shorted (RDY) Dr. Reddy`s Laboratories Ltd. - Technical Analysis, Recap!!

Dr. Reddy’s Laboratories (RDY) is an Indian multinational pharmaceutical company located in Hyderabad, Telangana, India. The company was founded by Kallam Anji Reddy, who previously worked in the mentor institute Indian Drugs and Pharmaceuticals Limited. Dr. Reddy’s manufactures and markets a wide range of pharmaceuticals in India and overseas.

A Brief History of Dr. Reddy's Laboratories Ltd.

Dr. Reddy’s Laboratories is an Indian multinational pharmaceutical company based in Hyderabad, India. It was founded in 1984 by Anji Reddy, who saw an opportunity to create a leading Indian pharmaceutical company that could provide affordable and high-quality drugs to customers around the world.

In the early years of its existence, Dr. Reddy’s Laboratories focused on developing and manufacturing generic drugs, which are copies of patented drugs that are sold at a lower cost. The company also invested in research and development, and began to develop its own branded drugs.

In the 1990s, Dr. Reddy’s Laboratories expanded its operations and entered into partnerships with other pharmaceutical companies. The company also began to focus on expanding its global presence, and established operations in several countries around the world.

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In the 2000s, Dr. Reddy’s Laboratories continued to grow and expand, and became one of the leading pharmaceutical companies in India. The company also continued to invest in research and development, and launched several new branded drugs, which helped to drive its growth and increase its market share.

Today, Dr. Reddy’s Laboratories is a leading global pharmaceutical company, with operations in over 100 countries. The company is known for its commitment to providing affordable and high-quality drugs to customers around the world, and continues to innovate and invest in new technologies and products.

Overall, the history of Dr. Reddy’s Laboratories is a story of innovation and growth. From its humble beginnings as a small Indian pharmaceutical company, Dr. Reddy’s Laboratories has become a global leader in the industry, thanks to its commitment to providing affordable and high-quality drugs to customers around the world.

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everyone doing uh again my name is ethan

uh if you’re not familiar make sure you

check out my website right up there

etharen.com uh we are currently live

right now on twitch youtube

facebook

twitter

maybe another website so uh wherever you

may be seeing this make sure to follow

if you’re interested in staying up to

date with all the latest news uh it’s

been a while since we’ve done one of

these so

[Music]

prepare for it we have a lot to talk

about actually a lot to talk about it

might be a longer stream today as long

as everything’s going good

if we start lagging at all feel free to

let me know i think it’s going pretty

good right now

yeah so let’s get started

so

i kind of want to start by addressing

where we’ve been the past six months you

know a lot has happened uh last time we

were streaming

what was it december

21st january

january 20th

right around that time i mean that’s my

game actually i’m not messing with it

where were we last time we had a stream

we were at the top of this market

we were taking uh very

cautious stances right we recognized

that so many things were overbought in

december everything was so overextended

as you can see i have the spy pulled up

right here

right around here

so if you’ve watched a lot of my videos

in the past you might have seen that we

had a lot of bearish positions in fact

the majority of them were bearish

positions and rightfully so right

here’s here’s one example a link from my

twitter you can go look it up it was rdy

this is an indian company we noticed the

triple top here and actually scaled in

beautifully right at the top you had

three chances to get in right there at

the top

short right

so

over the months

again some time has passed it’s been

about five six months since we last

streamed

here’s an example of how that trade

ended up over the past six months a lot

of people

get all caught up in this five minute

intraday stuff the super fast moving the

super high risk but we really try to

focus on those big time frames

we we make these uh plans right these

plans are expected to unfold

on weekly and monthly candles which

means if a singular candle represents a

month of time you can’t possibly expect

these things to

unfold overnight you can’t even expect

them to unfold over a month even two

months

these things take time

whether it’s the suits whether it’s

you’re more

more uh

aware investors we kind of

see these extended period

extended periods of time the the longer

your run can be

the better right

nobody wants to be investing with the

guy who’s

in one minute and then stopped lost out

five minutes later that’s that guy’s not

reliable he’s not trustworthy but

for example

here’s a

rdy over the past six months very

successful trade let’s see did i mark

the percentage no but that went from a

point average of 75 all the way down to

55 that’s 20 per share if you went short

or if you took options

depends on your contract

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That Time We Shorted (RDY) Dr. Reddy`s Laboratories Ltd. - Technical Analysis, Recap!!

Dr. Reddy’s Laboratories (RDY) is an Indian multinational pharmaceutical company located in Hyderabad, Telangana, India. The company was founded by Kallam Anji Reddy, who previously worked in the mentor institute Indian Drugs and Pharmaceuticals Limited. Dr. Reddy’s manufactures and markets a wide range of pharmaceuticals in India and overseas.

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