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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 2024-09-19 View latest technical analysis

10 day averaged volume of Dr Reddy is 328160

Date	Daily Closing Price	Open	High	Low	Volume
19 Thu Sep 2024	6502.55	6584.00	6612.50	6482.50	2.841 times
18 Wed Sep 2024	6567.80	6647.00	6648.00	6531.00	0.755 times
17 Tue Sep 2024	6631.65	6640.10	6665.75	6603.00	0.556 times
16 Mon Sep 2024	6647.10	6689.90	6689.90	6631.50	0.422 times
13 Fri Sep 2024	6660.70	6686.40	6699.05	6647.00	0.73 times
12 Thu Sep 2024	6683.85	6700.00	6712.20	6580.30	1.623 times
11 Wed Sep 2024	6612.50	6660.90	6749.35	6595.90	1.118 times
10 Tue Sep 2024	6650.40	6694.00	6697.80	6613.15	1.419 times
09 Mon Sep 2024	6655.90	6679.95	6715.95	6602.70	0.894 times
06 Fri Sep 2024	6667.15	6698.90	6720.10	6653.00	1.264 times

Stock of Dr Reddy (DRREDDY) has showed a significant fall. This could be a good time to exit from this stock.

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 6607.5, but if it comes above 6607.5, then a intra day buy could be more profitable.
If you take a sell trade below 6607.5, then use 6607.5 as stoploss and 6417.8 as target. However if you take a buy trade in stock , then use 6607.5 as stoploss and 6765.56 as target.

Share price targets for Dr Reddy (DRREDDY)

Target Type	Value
Downside Target	5600.00
Downside Target	6284.25
Downside Target	6419.90
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	6426.73
Downside Intraday Target	6350.92
Upside Intraday Target	6634.13
Upside Intraday Target	6765.72
Upside Intraday Target	6558.32

Weekly technical analysis of Dr Reddy (DRREDDY)

Date	Weekly Closing Price	Open	High	Low	Volume
19 Thu Sep 2024	6502.55	6689.90	6689.90	6482.50	0.791 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
19 Thu Sep 2024	6502.55	7049.70	7074.95	6482.50	0.754 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 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

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 6611.79 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.