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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 2024-04-15 View latest technical analysis

10 day averaged volume of Dr Reddy is 312301

Date	Daily Closing Price	Open	High	Low	Volume
15 Mon Apr 2024	6010.85	6073.20	6073.20	5982.25	0.864 times
12 Fri Apr 2024	6083.85	6168.90	6189.00	6075.00	1.264 times
10 Wed Apr 2024	6157.90	6199.90	6199.90	6145.00	0.628 times
09 Tue Apr 2024	6167.90	6202.20	6230.20	6155.00	0.412 times
08 Mon Apr 2024	6174.55	6217.45	6226.75	6135.05	0.91 times
05 Fri Apr 2024	6179.30	6142.50	6305.85	6140.00	1.732 times
04 Thu Apr 2024	6142.50	6155.00	6175.00	6047.50	1.278 times
03 Wed Apr 2024	6124.40	6237.55	6268.00	6112.00	0.862 times
02 Tue Apr 2024	6237.55	6268.95	6268.95	6206.00	0.763 times
01 Mon Apr 2024	6250.35	6215.00	6282.45	6157.90	0.494 times

Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 5990.1, for a target of 6087 or 6167.81

Share price targets for Dr Reddy (DRREDDY)

Target Type	Value
Downside Target	5370.00
Downside Target	5520.65
Downside Target	5890.80
Upside Target	6137.50
Upside Target	6211.45
Upside Target	6230.20
Upside Target	6305.85
Upside Target	6354.90
Upside Target	6473.00
Upside Target	6505.90

Intraday share price targets for Dr Reddy (DRREDDY)

Target Type	Value
Downside Intraday Target	5971
Downside Intraday Target	5931.15
Upside Intraday Target	6061.95
Upside Intraday Target	6113.05
Upside Intraday Target	6022.1

Weekly technical analysis of Dr Reddy (DRREDDY)

Date	Weekly Closing Price	Open	High	Low	Volume
15 Mon Apr 2024	6010.85	6073.20	6073.20	5982.25	0.269 times
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

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
15 Mon Apr 2024	6010.85	6215.00	6305.85	5982.25	0.487 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 definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Dr Reddy ( (DRREDDY) ) based on a short term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

Price action analysis of Dr Reddy ( (DRREDDY) ) based on a short to mid term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

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 Strong 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 is trading near its recent LOWS in short term which reflects strong selling momentum. 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 negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling might be slowing down

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

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 6146.34 and Dr Reddy (DRREDDY) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

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 has given negative 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.