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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 2024-08-19 View latest technical analysis

10 day averaged volume of Dr Reddy is 346384

Date	Daily Closing Price	Open	High	Low	Volume
19 Mon Aug 2024	6911.35	6837.95	6924.00	6817.60	0.467 times
16 Fri Aug 2024	6793.60	6831.05	6848.95	6758.15	1.481 times
14 Wed Aug 2024	6801.05	6955.00	6962.00	6792.50	0.998 times
13 Tue Aug 2024	6948.40	6902.00	6962.25	6851.25	0.703 times
12 Mon Aug 2024	6886.55	7013.95	7030.00	6873.30	1.07 times
09 Fri Aug 2024	7013.50	6980.00	7025.00	6963.35	0.379 times
08 Thu Aug 2024	6938.30	6925.00	7035.00	6914.45	1.562 times
07 Wed Aug 2024	6926.35	6880.00	6935.00	6840.00	0.559 times
06 Tue Aug 2024	6807.40	6838.90	6915.30	6795.30	0.709 times
05 Mon Aug 2024	6812.05	6930.10	6961.00	6794.00	1.263 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 6932.6 as stoploss in an intra day sell trade for a target of 6863.66. However, stock will show a bullish move above 6932.6.

Share price targets for Dr Reddy (DRREDDY)

Target Type	Value
Downside Target	5600.00
Downside Target	5880.80
Downside Target	6284.25
Downside Target	6580.00
Downside Target	6735.00
Upside Target	6924.00
Upside Target	6966.00
Upside Target	6981.00
Upside Target	7030.00
Upside Target	7035.00

Intraday share price targets for Dr Reddy (DRREDDY)

Target Type	Value
Downside Intraday Target	6844.63
Downside Intraday Target	6777.92
Upside Intraday Target	6951.03
Upside Intraday Target	6990.72
Downside Intraday Target	6884.32

Weekly technical analysis of Dr Reddy (DRREDDY)

Date	Weekly Closing Price	Open	High	Low	Volume
19 Mon Aug 2024	6911.35	6837.95	6924.00	6817.60	0.11 times
16 Fri Aug 2024	6793.60	7013.95	7030.00	6758.15	0.951 times
09 Fri Aug 2024	7013.50	6930.10	7035.00	6794.00	0.705 times
02 Fri Aug 2024	6964.15	6920.00	6981.00	6735.00	0.86 times
26 Fri Jul 2024	6878.65	6580.00	6966.00	6580.00	1.725 times

Price has moved up 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
19 Mon Aug 2024	6911.35	6795.50	7035.00	6758.15	0.456 times
31 Wed Jul 2024	6750.50	6430.00	6966.00	6284.25	0.739 times
28 Fri Jun 2024	6402.35	5937.90	6420.00	5600.00	1.062 times
31 Fri May 2024	5791.85	6195.25	6419.90	5709.00	1.601 times

Scroll below to view daily charts

Price has moved up 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 to mid 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 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 BUY. Signal strength is Weak and stock is gaining momentum.

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

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 green color and prices are above the green cloud Prices appear to be moving up

CCI has generated a buy signal for Dr Reddy in short term but BUY signal is weak.

RSI is generating a BUY signal in short term and the buying is gaining 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 6868.39 and Dr Reddy (DRREDDY) stock is trading above this level. This is a good sign for the stock and it could move higher. 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 positive

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