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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 2024-10-01 View latest technical analysis

10 day averaged volume of Dr Reddy is 455555

Date	Daily Closing Price	Open	High	Low	Volume
01 Tue Oct 2024	6749.10	6751.60	6785.40	6678.05	0.763 times
30 Mon Sep 2024	6751.60	6755.00	6791.00	6710.00	0.802 times
27 Fri Sep 2024	6749.90	6711.00	6772.40	6666.50	1.227 times
26 Thu Sep 2024	6744.40	6714.80	6757.00	6664.30	1.248 times
25 Wed Sep 2024	6691.45	6656.25	6707.60	6595.55	1.049 times
24 Tue Sep 2024	6650.35	6654.45	6689.90	6580.20	0.861 times
23 Mon Sep 2024	6654.45	6600.00	6662.00	6580.00	0.582 times
20 Fri Sep 2024	6551.15	6534.80	6597.95	6485.70	1.24 times
19 Thu Sep 2024	6502.55	6584.00	6612.50	6482.50	2.047 times
18 Wed Sep 2024	6567.80	6647.00	6648.00	6531.00	0.544 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 6735.5, but if it comes below 6735.5, then a intra day sell could be more profitable.
If you take a sell trade below 6735.5, then use 6735.5 as stoploss and 6665.25 as target. However if you take a buy trade in stock , then use 6735.5 as stoploss and 6819.8 as target.

Share price targets for Dr Reddy (DRREDDY)

Target Type	Value
Downside Target	5600.00
Downside Target	6284.25
Downside Target	6420.00
Upside Target	6758.15
Upside Target	6772.40
Upside Target	6785.40
Upside Target	6791.00
Upside Target	6966.00
Upside Target	7074.95
Upside Target	7107.45

Intraday share price targets for Dr Reddy (DRREDDY)

Target Type	Value
Downside Intraday Target	6687.77
Downside Intraday Target	6626.43
Upside Intraday Target	6800.72
Upside Intraday Target	6852.33
Downside Intraday Target	6739.38

Weekly technical analysis of Dr Reddy (DRREDDY)

Date	Weekly Closing Price	Open	High	Low	Volume
01 Tue Oct 2024	6749.10	6755.00	6791.00	6678.05	0.315 times
27 Fri Sep 2024	6749.90	6600.00	6772.40	6580.00	1.095 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

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
01 Tue Oct 2024	6749.10	6751.60	6785.40	6678.05	0.041 times
30 Mon Sep 2024	6751.60	7049.70	7074.95	6482.50	1.202 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

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 to mid 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 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 BUY. Signal strength is Weak and stock is losing momentum.

MACD generated a BUY signal for Dr Reddy in short term but the buy signal is initial and weak.

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 tired and bears are picking up momentum.

Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be coming down

CCI has generated a SELL signal for Dr Reddy in short term but SELL signal is weak.

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 6647.57 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.