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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 2024-09-17 View latest technical analysis

10 day averaged volume of Dr Reddy is 353622

Date	Daily Closing Price	Open	High	Low	Volume
17 Tue Sep 2024	6631.65	6640.10	6665.75	6603.00	0.516 times
16 Mon Sep 2024	6647.10	6689.90	6689.90	6631.50	0.391 times
13 Fri Sep 2024	6660.70	6686.40	6699.05	6647.00	0.677 times
12 Thu Sep 2024	6683.85	6700.00	6712.20	6580.30	1.506 times
11 Wed Sep 2024	6612.50	6660.90	6749.35	6595.90	1.037 times
10 Tue Sep 2024	6650.40	6694.00	6697.80	6613.15	1.317 times
09 Mon Sep 2024	6655.90	6679.95	6715.95	6602.70	0.83 times
06 Fri Sep 2024	6667.15	6698.90	6720.10	6653.00	1.173 times
05 Thu Sep 2024	6695.75	6797.50	6848.80	6686.00	1.132 times
04 Wed Sep 2024	6787.20	6847.80	6847.80	6767.00	1.232 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 6659.5, but if it comes above 6659.5, then a intra day buy could be more profitable.
If you take a sell trade below 6659.5, then use 6659.5 as stoploss and 6474.6 as target. However if you take a buy trade in stock , then use 6659.5 as stoploss and 6813.61 as target.

Share price targets for Dr Reddy (DRREDDY)

Target Type	Value
Downside Target	5600.00
Downside Target	6284.25
Downside Target	6419.90
Downside Target	6580.30
Upside Target	6817.60
Upside Target	6889.10
Upside Target	6966.00
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	6593.13
Downside Intraday Target	6554.62
Upside Intraday Target	6680.03
Upside Intraday Target	6728.42
Upside Intraday Target	6641.52

Weekly technical analysis of Dr Reddy (DRREDDY)

Date	Weekly Closing Price	Open	High	Low	Volume
17 Tue Sep 2024	6631.65	6689.90	6689.90	6603.00	0.169 times
13 Fri Sep 2024	6660.70	6679.95	6749.35	6580.30	0.963 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

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
17 Tue Sep 2024	6631.65	7049.70	7074.95	6580.30	0.588 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 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 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 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 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 and the buying is gaining momentum.

MRSI is in negative zone. This is the SELL 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 6676 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.