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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 2024-11-28 View latest technical analysis

10 day averaged volume of Dr Reddy is 1708918

Date	Daily Closing Price	Open	High	Low	Volume
28 Thu Nov 2024	1191.95	1209.05	1209.90	1188.45	1.65 times
27 Wed Nov 2024	1199.90	1212.00	1215.60	1198.05	0.821 times
26 Tue Nov 2024	1208.65	1209.00	1218.35	1203.20	0.696 times
25 Mon Nov 2024	1209.30	1233.95	1247.00	1205.75	1.92 times
22 Fri Nov 2024	1214.45	1199.00	1223.20	1193.60	0.447 times
21 Thu Nov 2024	1195.35	1174.90	1206.70	1172.50	1.241 times
19 Tue Nov 2024	1213.45	1193.00	1232.00	1186.25	0.883 times
18 Mon Nov 2024	1193.55	1206.10	1219.80	1170.20	1.971 times
14 Thu Nov 2024	1226.70	1249.90	1253.00	1222.20	0.788 times
13 Wed Nov 2024	1245.00	1258.00	1265.05	1238.30	0.582 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 1206.5, but if it comes above 1206.5, then a intra day buy could be more profitable.
If you take a sell trade below 1206.5, then use 1206.5 as stoploss and 1163.4 as target. However if you take a buy trade in stock , then use 1206.5 as stoploss and 1242.37 as target.

Share price targets for Dr Reddy (DRREDDY)

Target Type	Value
Downside Target	1170.20
Upside Target	1295.25
Upside Target	1321.90
Upside Target	1335.40
Upside Target	6284.25
Upside Target	6482.50
Upside Target	6758.15
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	1171.27
Downside Intraday Target	1150.58
Upside Intraday Target	1229.82
Upside Intraday Target	1267.68
Upside Intraday Target	1209.13

Weekly technical analysis of Dr Reddy (DRREDDY)

Date	Weekly Closing Price	Open	High	Low	Volume
28 Thu Nov 2024	1191.95	1233.95	1247.00	1188.45	1.12 times
22 Fri Nov 2024	1214.45	1206.10	1232.00	1170.20	1.677 times
14 Thu Nov 2024	1226.70	1284.00	1295.25	1222.20	0.459 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

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 Thu Nov 2024	1191.95	1280.00	1321.90	1170.20	2.65 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, and volume has increased substantially. This means that the move can 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 negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

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 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 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 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 1205.24 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.