DRREDDY Bullish Projection

METHODOLOGY SUMMARY

• Mathematical Transformation: Uses square root, cube root, and 4th root of price to identify natural support/resistance levels
  
• Perfect Level Calculation: Round roots to nearest integer, then power back to create "perfect" mathematical anchors
  
  Multi-Timeframe Analysis:
  • Square Root: Short-term cycle (days-weeks 3-5%)
    
  • Cube Root: Medium-term cycle (weeks-months 5-12%)
    
  • 4th Root: Long-term structural cycle (months-quarters 12-18%)
    
    Current DRREDDY Analysis:
    Price: ₹1,305.70
    4th Root Level: ₹1,296 ✅ CROSSED ABOVE
    Cube Level: ₹1,331 (Next resistance)
    Square Level: ₹1,296 (Confluence support)
    
    TRADE SETUP
    Entry Strategy:
    
    • Primary Entry: ₹1,305-1,310 (Current levels)
      
    • Add-on Entry: ₹1,296-1,300 (4th root support retest)
      
      Targets:
    • Target 1: ₹1,331 (Cube level) - Book 25% quantity
      
    • Target 2: ₹1,370 (Next mathematical resistance) - Book 75% quantity
      
    • Extended Target: ₹2,401 (Next 4th power level)
      
      Stop Loss:
    • Conservative: ₹1,285 (Below 4th root with buffer)
      
    • Aggressive: ₹1,276 (2% below 4th root level)
      
      Risk-Reward:
      
    • R:R Ratio: 1:3.2 (to Target 2)
      
    • Position Size: 1-2% of portfolio risk
      
      Why This Setup Works:
    • Mathematical Precision: 4th root levels act as major structural pivots derived from natural number theory
      
    • Cross Confirmation: Price breaking above ₹1,296 (4th root) suggests longer-term cycle shift
      
    • Volume Confluence: Breakout supported by institutional accumulation
      
    • Sector Strength: Pharma sector showing resilience
      
      Key Levels Explanation:
    • ₹1,296: 11^4 = 14,641 → ∜14,641 ≈ 11 → 11^4 = 1,296 (4th root anchor)
      
    • ₹1,331: 11^3 = 1,331 (Cube resistance)
      
    • ₹2,401: 7^4 = 2,401 (Next 4th power level up)
      
      Market Psychology:
    • Below 4th Root: Institutional distribution phase
      
    • Above 4th Root: Institutional accumulation begins
      
    • Above Cube: Momentum acceleration phase
      
      Invalidation Scenarios:
    • Break below ₹1,285 with volume
      
    • Failure to hold above ₹1,296 for 2+ sessions
      
    • Broader market correction below key supports
      
      Time Frame: 2-4 weeks for Target 1, 6-8 weeks for Target 2
      
      Disclaimer:lnkd.in/gJJDnvn2