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(DRREDDY) Dr Reddy complete technical analysis [charts+indicators] | Buy/Sell Dr Reddy | (DRREDDY) share price targets

Complete technical analysis of Dr Reddy (DRREDDY) by charts plus indicators, forecast predictions and share price targets for Dr Reddy (DRREDDY)

Dr Reddy trades in NSE in Pharmaceuticals sector.

Showing technical analysis as on 2024-04-12 View latest technical analysis

10 day averaged volume of Dr Reddy is 301875

Date	Daily Closing Price	Open	High	Low	Volume
12 Fri Apr 2024	6083.85	6168.90	6189.00	6075.00	1.308 times
10 Wed Apr 2024	6157.90	6199.90	6199.90	6145.00	0.65 times
09 Tue Apr 2024	6167.90	6202.20	6230.20	6155.00	0.426 times
08 Mon Apr 2024	6174.55	6217.45	6226.75	6135.05	0.941 times
05 Fri Apr 2024	6179.30	6142.50	6305.85	6140.00	1.792 times
04 Thu Apr 2024	6142.50	6155.00	6175.00	6047.50	1.322 times
03 Wed Apr 2024	6124.40	6237.55	6268.00	6112.00	0.892 times
02 Tue Apr 2024	6237.55	6268.95	6268.95	6206.00	0.789 times
01 Mon Apr 2024	6250.35	6215.00	6282.45	6157.90	0.511 times
28 Thu Mar 2024	6157.90	6078.00	6209.80	6078.00	1.714 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 6105, but if it comes above 6105, then a intra day buy could be more profitable.
If you take a sell trade below 6105, then use 6105 as stoploss and 6012 as target. However if you take a buy trade in stock , then use 6105 as stoploss and 6182.46 as target.

Share price targets for Dr Reddy (DRREDDY)

Target Type	Value
Downside Target	5370.00
Downside Target	5520.65
Downside Target	5890.80
Upside Target	6211.45
Upside Target	6230.20
Upside Target	6305.85
Upside Target	6354.90
Upside Target	6428.00
Upside Target	6473.00
Upside Target	6505.90

Intraday share price targets for Dr Reddy (DRREDDY)

Target Type	Value
Downside Intraday Target	6029.17
Downside Intraday Target	5974.48
Upside Intraday Target	6184.37
Upside Intraday Target	6284.88
Upside Intraday Target	6129.68

Weekly technical analysis of Dr Reddy (DRREDDY)

Date	Weekly Closing Price	Open	High	Low	Volume
12 Fri Apr 2024	6083.85	6217.45	6230.20	6075.00	0.627 times
05 Fri Apr 2024	6179.30	6215.00	6305.85	6047.50	1.483 times
28 Thu Mar 2024	6157.90	6190.00	6211.45	6034.10	0.769 times
22 Fri Mar 2024	6203.20	6292.10	6354.90	6023.20	0.822 times
15 Fri Mar 2024	6284.90	6369.00	6428.00	6208.90	1.52 times

Price has moved down this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.

Monthly technical analysis of Dr Reddy (DRREDDY)

Date	Monthly Closing Price	Open	High	Low	Volume
12 Fri Apr 2024	6083.85	6215.00	6305.85	6047.50	0.441 times
28 Thu Mar 2024	6157.90	6449.00	6473.00	6023.20	0.695 times
29 Thu Feb 2024	6424.25	6089.45	6505.90	5950.10	0.925 times
31 Wed Jan 2024	6121.15	5800.00	6137.50	5520.65	0.866 times

Scroll below to view daily charts

Price has moved down this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Dr Reddy (DRREDDY)

Price action analysis of Dr Reddy ( (DRREDDY) ) based on a short term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

Price action analysis of Dr Reddy ( (DRREDDY) ) based on a short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

Price action analysis of Dr Reddy ( (DRREDDY) ) based on a short to mid term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

Price action analysis of Dr Reddy ( (DRREDDY) ) based on a mid to longer term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

ADX buy sell signal for Dr Reddy stock for short term is SELL. Signal strength is Weak and stock is gaining momentum.

MACD generated a SELL signal for Dr Reddy in short term and the sell signal is strong.

Dr Reddy Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bears are getting stronger in this stock.

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be coming down

CCI has generated a SELL signal for Dr Reddy in short term and SELL signal is strong!

RSI is generating a BUY signal in short term but buying is losing momentum.

MRSI is in positive zone. This is a BUY zone

Stock of Dr Reddy is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 6159.96 and Dr Reddy (DRREDDY) stock is trading below this level. This means that stock is falling with high volumes. VWAP is rising upwards.

People seem to be coming out and selling the Dr Reddy (DRREDDY) stock. Volume based technical analysis of Dr Reddy (DRREDDY) stock is negative.

Dr Reddy Stock is giving positive returns over a short term period. Returns for a longer term period have been negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.