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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 2024-09-23 View latest technical analysis

10 day averaged volume of Dr Reddy is 396357

Date	Daily Closing Price	Open	High	Low	Volume
23 Mon Sep 2024	6654.45	6600.00	6662.00	6580.00	0.669 times
20 Fri Sep 2024	6551.15	6534.80	6597.95	6485.70	1.425 times
19 Thu Sep 2024	6502.55	6584.00	6612.50	6482.50	2.352 times
18 Wed Sep 2024	6567.80	6647.00	6648.00	6531.00	0.625 times
17 Tue Sep 2024	6631.65	6640.10	6665.75	6603.00	0.46 times
16 Mon Sep 2024	6647.10	6689.90	6689.90	6631.50	0.349 times
13 Fri Sep 2024	6660.70	6686.40	6699.05	6647.00	0.604 times
12 Thu Sep 2024	6683.85	6700.00	6712.20	6580.30	1.344 times
11 Wed Sep 2024	6612.50	6660.90	6749.35	6595.90	0.925 times
10 Tue Sep 2024	6650.40	6694.00	6697.80	6613.15	1.175 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 6578.2 as stoploss in an intra day buy trade for a target of 6730.95. However, stock will show a bearish move below 6578.2.

Share price targets for Dr Reddy (DRREDDY)

Target Type	Value
Downside Target	5600.00
Downside Target	6284.25
Downside Target	6419.90
Upside Target	6749.35
Upside Target	6758.15
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	6602.3
Downside Intraday Target	6550.15
Upside Intraday Target	6684.3
Upside Intraday Target	6714.15
Downside Intraday Target	6632.15

Weekly technical analysis of Dr Reddy (DRREDDY)

Date	Weekly Closing Price	Open	High	Low	Volume
23 Mon Sep 2024	6654.45	6600.00	6662.00	6580.00	0.128 times
20 Fri Sep 2024	6551.15	6689.90	6689.90	6482.50	1.088 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

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
23 Mon Sep 2024	6654.45	7049.70	7074.95	6482.50	0.87 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 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 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 losing momentum.

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

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

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. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be moving up

CCI has generated a buy signal for Dr Reddy in short term and BUY 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 6596.84 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 negative.

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