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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 2024-09-09 View latest technical analysis

10 day averaged volume of Dr Reddy is 399641

Date	Daily Closing Price	Open	High	Low	Volume
09 Mon Sep 2024	6655.90	6679.95	6715.95	6602.70	0.734 times
06 Fri Sep 2024	6667.15	6698.90	6720.10	6653.00	1.038 times
05 Thu Sep 2024	6695.75	6797.50	6848.80	6686.00	1.002 times
04 Wed Sep 2024	6787.20	6847.80	6847.80	6767.00	1.09 times
03 Tue Sep 2024	6853.85	6900.00	6914.00	6848.00	0.624 times
02 Mon Sep 2024	6872.15	7049.70	7074.95	6830.00	1.178 times
30 Fri Aug 2024	7031.35	6938.00	7045.00	6938.00	1.709 times
29 Thu Aug 2024	6931.15	6898.30	7019.95	6889.10	0.893 times
28 Wed Aug 2024	6999.30	6962.95	7048.25	6923.00	0.817 times
27 Tue Aug 2024	6962.95	6945.00	7006.55	6902.05	1.14 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 6632.6, for a target of 6770.1 or 6884.62

Share price targets for Dr Reddy (DRREDDY)

Target Type	Value
Downside Target	5600.00
Downside Target	6284.25
Downside Target	6419.90
Downside Target	6602.70
Upside Target	6889.10
Upside Target	6966.00
Upside Target	7030.00
Upside Target	7048.25
Upside Target	7074.95
Upside Target	7107.45

Intraday share price targets for Dr Reddy (DRREDDY)

Target Type	Value
Downside Intraday Target	6600.42
Downside Intraday Target	6544.93
Upside Intraday Target	6713.67
Upside Intraday Target	6771.43
Upside Intraday Target	6658.18

Weekly technical analysis of Dr Reddy (DRREDDY)

Date	Weekly Closing Price	Open	High	Low	Volume
09 Mon Sep 2024	6655.90	6679.95	6715.95	6602.70	0.149 times
06 Fri Sep 2024	6667.15	7049.70	7074.95	6653.00	0.973 times
30 Fri Aug 2024	7031.35	6924.95	7048.25	6889.10	1.729 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

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
09 Mon Sep 2024	6655.90	7049.70	7074.95	6602.70	0.318 times
30 Fri Aug 2024	7031.35	6795.50	7107.45	6758.15	0.794 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

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 to mid 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 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 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 weakening, and bulls 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 and SELL signal is strong!

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 6860.41 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.