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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 2024-11-29 View latest technical analysis

10 day averaged volume of Dr Reddy is 1879767

Date	Daily Closing Price	Open	High	Low	Volume
29 Fri Nov 2024	1202.30	1206.00	1219.35	1198.65	1.349 times
28 Thu Nov 2024	1191.95	1209.05	1209.90	1188.45	1.5 times
27 Wed Nov 2024	1199.90	1212.00	1215.60	1198.05	0.746 times
26 Tue Nov 2024	1208.65	1209.00	1218.35	1203.20	0.633 times
25 Mon Nov 2024	1209.30	1233.95	1247.00	1205.75	1.745 times
22 Fri Nov 2024	1214.45	1199.00	1223.20	1193.60	0.406 times
21 Thu Nov 2024	1195.35	1174.90	1206.70	1172.50	1.129 times
19 Tue Nov 2024	1213.45	1193.00	1232.00	1186.25	0.803 times
18 Mon Nov 2024	1193.55	1206.10	1219.80	1170.20	1.792 times
14 Thu Nov 2024	1226.70	1249.90	1253.00	1222.20	0.717 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 1203.1, but if it comes above 1203.1, then a intra day buy could be more profitable.
If you take a sell trade below 1203.1, then use 1203.1 as stoploss and 1158.8 as target. However if you take a buy trade in stock , then use 1203.1 as stoploss and 1239.99 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	1178.17
Downside Intraday Target	1154.03
Upside Intraday Target	1236.72
Upside Intraday Target	1271.13
Upside Intraday Target	1212.58

Weekly technical analysis of Dr Reddy (DRREDDY)

Date	Weekly Closing Price	Open	High	Low	Volume
29 Fri Nov 2024	1202.30	1233.95	1247.00	1188.45	1.446 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
29 Fri Nov 2024	1202.30	1280.00	1321.90	1170.20	2.862 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 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 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 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 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

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 1202.93 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.