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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 2024-09-25 View latest technical analysis

10 day averaged volume of Dr Reddy is 386232

Date	Daily Closing Price	Open	High	Low	Volume
25 Wed Sep 2024	6691.45	6656.25	6707.60	6595.55	1.237 times
24 Tue Sep 2024	6650.35	6654.45	6689.90	6580.20	1.016 times
23 Mon Sep 2024	6654.45	6600.00	6662.00	6580.00	0.687 times
20 Fri Sep 2024	6551.15	6534.80	6597.95	6485.70	1.462 times
19 Thu Sep 2024	6502.55	6584.00	6612.50	6482.50	2.414 times
18 Wed Sep 2024	6567.80	6647.00	6648.00	6531.00	0.642 times
17 Tue Sep 2024	6631.65	6640.10	6665.75	6603.00	0.472 times
16 Mon Sep 2024	6647.10	6689.90	6689.90	6631.50	0.358 times
13 Fri Sep 2024	6660.70	6686.40	6699.05	6647.00	0.62 times
12 Thu Sep 2024	6683.85	6700.00	6712.20	6580.30	1.379 times

My analysis of stock is bearish for shortterm, and stock might move down till 6571.5 or till 6417.4. Use a stoploss of 6699.92 and if the stock hits stoploss, then it can shoot up till 6828.33

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	6611.77
Downside Intraday Target	6532.08
Upside Intraday Target	6739.37
Upside Intraday Target	6787.28
Downside Intraday Target	6659.68

Weekly technical analysis of Dr Reddy (DRREDDY)

Date	Weekly Closing Price	Open	High	Low	Volume
25 Wed Sep 2024	6691.45	6600.00	6707.60	6580.00	0.55 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
25 Wed Sep 2024	6691.45	7049.70	7074.95	6482.50	0.992 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 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 term time period is neutral. A longer time frame might give a better analysis.

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 neutral. A longer time frame might give a better analysis.

ADX buy sell signal for Dr Reddy stock for short term is SELL. Signal strength is Weak 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 is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.

Ichimoku cloud is of red color and prices are in or above 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 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 6605.78 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 rising upwards.

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 is giving positive 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.