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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 2024-10-08 View latest technical analysis

10 day averaged volume of Dr Reddy is 422457

Date	Daily Closing Price	Open	High	Low	Volume
08 Tue Oct 2024	6656.05	6609.95	6668.00	6575.00	0.661 times
07 Mon Oct 2024	6609.90	6683.55	6712.05	6581.10	1.053 times
04 Fri Oct 2024	6633.25	6713.00	6732.90	6611.00	0.825 times
03 Thu Oct 2024	6735.65	6780.00	6795.00	6692.10	1.078 times
01 Tue Oct 2024	6749.10	6751.60	6785.40	6678.05	0.823 times
30 Mon Sep 2024	6751.60	6755.00	6791.00	6710.00	0.865 times
27 Fri Sep 2024	6749.90	6711.00	6772.40	6666.50	1.323 times
26 Thu Sep 2024	6744.40	6714.80	6757.00	6664.30	1.346 times
25 Wed Sep 2024	6691.45	6656.25	6707.60	6595.55	1.131 times
24 Tue Sep 2024	6650.35	6654.45	6689.90	6580.20	0.929 times

My analysis of stock is bearish for shortterm, and stock might move down till 6589.5 or till 6508.8. Use a stoploss of 6656.69 and if the stock hits stoploss, then it can shoot up till 6723.93

Share price targets for Dr Reddy (DRREDDY)

Target Type	Value
Downside Target	5600.00
Downside Target	6284.25
Downside Target	6420.00
Upside Target	6749.35
Upside Target	6758.15
Upside Target	6772.40
Upside Target	6795.00
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	6583.35
Downside Intraday Target	6510.65
Upside Intraday Target	6720.4
Upside Intraday Target	6784.75
Downside Intraday Target	6647.7

Weekly technical analysis of Dr Reddy (DRREDDY)

Date	Weekly Closing Price	Open	High	Low	Volume
08 Tue Oct 2024	6656.05	6683.55	6712.05	6575.00	0.477 times
04 Fri Oct 2024	6633.25	6755.00	6795.00	6611.00	0.67 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

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
08 Tue Oct 2024	6656.05	6751.60	6795.00	6575.00	0.219 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 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 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 negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this 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 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 getting stronger in this stock.

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

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

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 6701.44 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 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.