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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 2024-11-07 View latest technical analysis

10 day averaged volume of Dr Reddy is 1463969

Date	Daily Closing Price	Open	High	Low	Volume
07 Thu Nov 2024	1287.35	1304.95	1309.00	1280.55	1.01 times
06 Wed Nov 2024	1302.10	1274.00	1321.90	1251.60	2.67 times
05 Tue Nov 2024	1272.20	1265.10	1279.00	1241.25	1.096 times
04 Mon Nov 2024	1268.30	1259.60	1276.90	1250.55	1.21 times
01 Fri Nov 2024	1259.60	1280.00	1289.00	1201.80	0.369 times
31 Thu Oct 2024	1274.20	1258.60	1283.65	1248.00	1.299 times
30 Wed Oct 2024	1249.85	1273.00	1273.00	1228.80	1.411 times
29 Tue Oct 2024	1274.70	1327.00	1335.40	1263.50	0.986 times
28 Mon Oct 2024	1311.50	1320.00	1325.90	1290.25	0.567 times
25 Fri Oct 2024	6514.70	6570.00	6582.00	6450.10	0.176 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 1559.1, but if it comes above 1559.1, then a intra day buy could be more profitable.
If you take a sell trade below 1559.1, then use 1559.1 as stoploss and -1645.5 as target. However if you take a buy trade in stock , then use 1559.1 as stoploss and 4229.59 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	1245.1
Downside Intraday Target	1202.85
Upside Intraday Target	1325.75
Upside Intraday Target	1364.15
Downside Intraday Target	1283.5

Weekly technical analysis of Dr Reddy (DRREDDY)

Date	Weekly Closing Price	Open	High	Low	Volume
07 Thu Nov 2024	1287.35	1259.60	1321.90	1241.25	1.292 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
07 Thu Nov 2024	1287.35	1280.00	1321.90	1201.80	0.777 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 buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

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 coming down

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 but selling 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 1365.08 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.