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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 2024-11-06 View latest technical analysis

10 day averaged volume of Dr Reddy is 1104091

Date	Daily Closing Price	Open	High	Low	Volume
06 Wed Nov 2024	1302.10	1274.00	1321.90	1251.60	3.54 times
05 Tue Nov 2024	1272.20	1265.10	1279.00	1241.25	1.453 times
04 Mon Nov 2024	1268.30	1259.60	1276.90	1250.55	1.604 times
01 Fri Nov 2024	1259.60	1280.00	1289.00	1201.80	0.489 times
31 Thu Oct 2024	1274.20	1258.60	1283.65	1248.00	1.723 times
30 Wed Oct 2024	1249.85	1273.00	1273.00	1228.80	1.871 times
29 Tue Oct 2024	1274.70	1327.00	1335.40	1263.50	1.308 times
28 Mon Oct 2024	1311.50	1320.00	1325.90	1290.25	0.751 times
25 Fri Oct 2024	6514.70	6570.00	6582.00	6450.10	0.233 times
24 Thu Oct 2024	6582.70	6644.00	6644.00	6569.20	0.288 times

Stock of Dr Reddy (DRREDDY) has showed a significant upmove. This could be a good time to enter in this stock!

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 1866.5, but if it comes above 1866.5, then a intra day buy could be more profitable.
If you take a sell trade below 1866.5, then use 1866.5 as stoploss and -1286.9 as target. However if you take a buy trade in stock , then use 1866.5 as stoploss and 4494.37 as target.

Share price targets for Dr Reddy (DRREDDY)

Target Type	Value
Downside Target	1201.80
Downside Target	1228.80
Upside Target	1321.90
Upside Target	6284.25
Upside Target	6450.10
Upside Target	6754.90
Upside Target	6758.15
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	1254.93
Downside Intraday Target	1207.77
Upside Intraday Target	1335.58
Upside Intraday Target	1369.07
Downside Intraday Target	1288.42

Weekly technical analysis of Dr Reddy (DRREDDY)

Date	Weekly Closing Price	Open	High	Low	Volume
06 Wed Nov 2024	1302.10	1259.60	1321.90	1241.25	1.074 times
01 Fri Nov 2024	1259.60	1320.00	1335.40	1201.80	4.519 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

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
06 Wed Nov 2024	1302.10	1280.00	1321.90	1201.80	0.654 times
31 Thu Oct 2024	1274.20	6751.60	6795.00	1228.80	1.397 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

Scroll below to view daily charts

Price has moved up 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 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 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 losing 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 weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are below 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 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 1486.07 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.