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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 2024-11-13 View latest technical analysis

10 day averaged volume of Dr Reddy is 1688567

Date	Daily Closing Price	Open	High	Low	Volume
13 Wed Nov 2024	1245.00	1258.00	1265.05	1238.30	0.589 times
12 Tue Nov 2024	1263.90	1287.85	1288.40	1258.30	0.658 times
11 Mon Nov 2024	1287.90	1284.00	1295.25	1262.15	0.696 times
08 Fri Nov 2024	1283.65	1292.80	1293.00	1259.15	0.787 times
07 Thu Nov 2024	1287.35	1304.95	1309.00	1280.55	0.876 times
06 Wed Nov 2024	1302.10	1274.00	1321.90	1251.60	2.315 times
05 Tue Nov 2024	1272.20	1265.10	1279.00	1241.25	0.95 times
04 Mon Nov 2024	1268.30	1259.60	1276.90	1250.55	1.049 times
01 Fri Nov 2024	1259.60	1280.00	1289.00	1201.80	0.32 times
31 Thu Oct 2024	1274.20	1258.60	1283.65	1248.00	1.127 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 593.3 as stoploss in an intra day buy trade for a target of 3154.53. However, stock will show a bearish move below 593.3.

Share price targets for Dr Reddy (DRREDDY)

Target Type	Value
Downside Target	1201.80
Downside Target	1228.80
Upside Target	1295.25
Upside Target	1321.90
Upside Target	6284.25
Upside Target	6450.10
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	1223.78
Downside Intraday Target	1202.57
Upside Intraday Target	1280.73
Upside Intraday Target	1316.47
Upside Intraday Target	1259.52

Weekly technical analysis of Dr Reddy (DRREDDY)

Date	Weekly Closing Price	Open	High	Low	Volume
13 Wed Nov 2024	1245.00	1284.00	1295.25	1238.30	0.325 times
08 Fri Nov 2024	1283.65	1259.60	1321.90	1241.25	1.488 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

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
13 Wed Nov 2024	1245.00	1280.00	1321.90	1201.80	1.163 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 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in 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.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Dr Reddy Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bulls are getting tired and bears 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 SELL signal for Dr Reddy in short term and SELL signal is strong!

RSI is generating a SELL signal in short term but selling 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 1280.21 and Dr Reddy (DRREDDY) stock is trading below this level. This means that stock is falling with high volumes. 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 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.