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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 2024-08-26 View latest technical analysis

10 day averaged volume of Dr Reddy is 277562

Date	Daily Closing Price	Open	High	Low	Volume
26 Mon Aug 2024	6943.30	6924.95	6959.95	6899.20	0.734 times
23 Fri Aug 2024	6954.50	6979.85	6990.00	6930.05	0.513 times
22 Thu Aug 2024	6969.05	7062.35	7062.35	6923.20	1.213 times
21 Wed Aug 2024	7062.45	6999.90	7107.45	6965.35	1.373 times
20 Tue Aug 2024	6965.35	6930.00	6974.20	6900.00	0.539 times
19 Mon Aug 2024	6911.35	6837.95	6924.00	6817.60	0.583 times
16 Fri Aug 2024	6793.60	6831.05	6848.95	6758.15	1.849 times
14 Wed Aug 2024	6801.05	6955.00	6962.00	6792.50	1.245 times
13 Tue Aug 2024	6948.40	6902.00	6962.25	6851.25	0.877 times
12 Mon Aug 2024	6886.55	7013.95	7030.00	6873.30	1.335 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 6981.1 as stoploss in an intra day sell trade for a target of 6899. However, stock will show a bullish move above 6981.1.

Share price targets for Dr Reddy (DRREDDY)

Target Type	Value
Downside Target	5600.00
Downside Target	5880.80
Downside Target	6284.25
Downside Target	6735.00
Downside Target	6899.20
Upside Target	6959.95
Upside Target	6966.00
Upside Target	6981.00
Upside Target	7030.00
Upside Target	7035.00
Upside Target	7107.45

Intraday share price targets for Dr Reddy (DRREDDY)

Target Type	Value
Downside Intraday Target	6908.35
Downside Intraday Target	6873.4
Upside Intraday Target	6969.1
Upside Intraday Target	6994.9
Downside Intraday Target	6934.15

Weekly technical analysis of Dr Reddy (DRREDDY)

Date	Weekly Closing Price	Open	High	Low	Volume
26 Mon Aug 2024	6943.30	6924.95	6959.95	6899.20	0.174 times
23 Fri Aug 2024	6954.50	6837.95	7107.45	6817.60	0.795 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

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
26 Mon Aug 2024	6943.30	6795.50	7107.45	6758.15	0.591 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 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 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.

Price action analysis of Dr Reddy ( (DRREDDY) ) based on a short to mid 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.

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 losing momentum.

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

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. Bulls are getting tired and bears are picking up momentum.

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

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

RSI is generating a BUY signal in short term and the buying is gaining 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 6911.01 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.