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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 2024-10-21 View latest technical analysis

10 day averaged volume of Dr Reddy is 307316

Date	Daily Closing Price	Open	High	Low	Volume
21 Mon Oct 2024	6697.40	6770.00	6770.00	6686.05	0.765 times
18 Fri Oct 2024	6741.10	6704.05	6774.00	6662.40	0.744 times
17 Thu Oct 2024	6704.05	6744.80	6775.00	6650.45	1.184 times
16 Wed Oct 2024	6710.90	6640.00	6745.95	6629.05	1.204 times
15 Tue Oct 2024	6611.65	6684.00	6699.90	6605.20	0.926 times
14 Mon Oct 2024	6659.90	6636.00	6690.95	6600.00	0.727 times
11 Fri Oct 2024	6599.20	6585.00	6624.70	6545.05	0.736 times
10 Thu Oct 2024	6583.10	6698.00	6698.00	6553.70	1.03 times
09 Wed Oct 2024	6664.85	6696.00	6754.90	6647.10	1.094 times
08 Tue Oct 2024	6656.05	6609.95	6668.00	6575.00	0.908 times

My analysis of stock is bullish for shortterm, and stock might move up till 6733.8 or till 6798.5. Use a stoploss of 6679.91 and if this stock hits its stoploss, then it can fall down till 6625.98

Share price targets for Dr Reddy (DRREDDY)

Target Type	Value
Downside Target	5600.00
Downside Target	6284.25
Downside Target	6420.00
Upside Target	6770.00
Upside Target	6772.40
Upside Target	6775.00
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	6665.63
Downside Intraday Target	6633.87
Upside Intraday Target	6749.58
Upside Intraday Target	6801.77
Upside Intraday Target	6717.82

Weekly technical analysis of Dr Reddy (DRREDDY)

Date	Weekly Closing Price	Open	High	Low	Volume
21 Mon Oct 2024	6697.40	6770.00	6770.00	6686.05	0.16 times
18 Fri Oct 2024	6741.10	6636.00	6775.00	6600.00	0.918 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

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
21 Mon Oct 2024	6697.40	6751.60	6795.00	6545.05	0.521 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 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 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 BUY. Signal strength is Weak and stock is gaining 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 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 6663.79 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 positive

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