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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 2024-10-14 View latest technical analysis

10 day averaged volume of Dr Reddy is 367852

Date	Daily Closing Price	Open	High	Low	Volume
14 Mon Oct 2024	6659.90	6636.00	6690.95	6600.00	0.608 times
11 Fri Oct 2024	6599.20	6585.00	6624.70	6545.05	0.614 times
10 Thu Oct 2024	6583.10	6698.00	6698.00	6553.70	0.861 times
09 Wed Oct 2024	6664.85	6696.00	6754.90	6647.10	0.914 times
08 Tue Oct 2024	6656.05	6609.95	6668.00	6575.00	0.759 times
07 Mon Oct 2024	6609.90	6683.55	6712.05	6581.10	1.209 times
04 Fri Oct 2024	6633.25	6713.00	6732.90	6611.00	0.947 times
03 Thu Oct 2024	6735.65	6780.00	6795.00	6692.10	1.238 times
01 Tue Oct 2024	6749.10	6751.60	6785.40	6678.05	0.945 times
30 Mon Sep 2024	6751.60	6755.00	6791.00	6710.00	0.994 times

My analysis of stock is bullish for shortterm, and stock might move up till 6720.9 or till 6804.1. Use a stoploss of 6651.67 and if this stock hits its stoploss, then it can fall down till 6582.4

Share price targets for Dr Reddy (DRREDDY)

Target Type	Value
Downside Target	5600.00
Downside Target	6284.25
Downside Target	6420.00
Upside Target	6754.90
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	6609.62
Downside Intraday Target	6559.33
Upside Intraday Target	6700.57
Upside Intraday Target	6741.23
Downside Intraday Target	6650.28

Weekly technical analysis of Dr Reddy (DRREDDY)

Date	Weekly Closing Price	Open	High	Low	Volume
14 Mon Oct 2024	6659.90	6636.00	6690.95	6600.00	0.139 times
11 Fri Oct 2024	6599.20	6683.55	6754.90	6545.05	1.056 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

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
14 Mon Oct 2024	6659.90	6751.60	6795.00	6545.05	0.348 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 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 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 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 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 LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

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 but BUY signal is weak.

RSI is generating a BUY signal in short term and the buying is gaining momentum.

MRSI is in positive zone. This is a BUY 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 6668.89 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.