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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 2024-10-28 View latest technical analysis

10 day averaged volume of Dr Reddy is 297099

Date	Daily Closing Price	Open	High	Low	Volume
28 Mon Oct 2024	1311.50	1320.00	1325.90	1290.25	2.792 times
25 Fri Oct 2024	6514.70	6570.00	6582.00	6450.10	0.866 times
24 Thu Oct 2024	6582.70	6644.00	6644.00	6569.20	1.069 times
23 Wed Oct 2024	6607.90	6659.35	6688.10	6590.00	1.043 times
22 Tue Oct 2024	6662.40	6727.00	6755.00	6632.30	1.282 times
21 Mon Oct 2024	6697.40	6770.00	6770.00	6686.05	0.791 times
18 Fri Oct 2024	6741.10	6704.05	6774.00	6662.40	0.77 times
17 Thu Oct 2024	6704.05	6744.80	6775.00	6650.45	1.225 times
16 Wed Oct 2024	6710.90	6640.00	6745.95	6629.05	1.245 times
15 Tue Oct 2024	6611.65	6684.00	6699.90	6605.20	0.958 times

Stock of Dr Reddy (DRREDDY) has showed a significant fall. This could be a good time to exit from this stock.

Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 3822.7, for a target of 5222.7 or 6389.35

Share price targets for Dr Reddy (DRREDDY)

Target Type	Value
Downside Target	1290.25
Upside Target	1325.90
Upside Target	5600.00
Upside Target	6284.25
Upside Target	6420.00
Upside Target	6754.90
Upside Target	6770.00
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	1292.53
Downside Intraday Target	1273.57
Upside Intraday Target	1328.18
Upside Intraday Target	1344.87
Downside Intraday Target	1309.22

Weekly technical analysis of Dr Reddy (DRREDDY)

Date	Weekly Closing Price	Open	High	Low	Volume
28 Mon Oct 2024	1311.50	1320.00	1325.90	1290.25	0.553 times
25 Fri Oct 2024	6514.70	6770.00	6770.00	6450.10	1.02 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

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
28 Mon Oct 2024	1311.50	6751.60	6795.00	1290.25	0.765 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 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 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 is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

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

CCI has generated a SELL signal for Dr Reddy in short term and SELL signal is strong!

RSI is generating a SELL signal in short term and selling is picking up 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 5411.8 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.