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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 2024-12-09 View latest technical analysis

10 day averaged volume of Dr Reddy is 2177008

Date	Daily Closing Price	Open	High	Low	Volume
09 Mon Dec 2024	1255.15	1254.65	1261.80	1243.25	0.583 times
06 Fri Dec 2024	1253.70	1246.00	1255.15	1236.35	0.789 times
05 Thu Dec 2024	1239.85	1216.55	1249.50	1210.10	1.527 times
04 Wed Dec 2024	1215.55	1224.50	1229.10	1209.60	0.659 times
03 Tue Dec 2024	1224.50	1229.00	1229.00	1217.55	1.028 times
02 Mon Dec 2024	1221.75	1214.25	1225.25	1202.30	0.839 times
29 Fri Nov 2024	1202.30	1206.00	1219.35	1198.65	1.165 times
28 Thu Nov 2024	1191.95	1209.05	1209.90	1188.45	1.295 times
27 Wed Nov 2024	1199.90	1212.00	1215.60	1198.05	0.644 times
26 Tue Nov 2024	1208.65	1209.00	1218.35	1203.20	0.547 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 1255.7 as stoploss in an intra day sell trade for a target of 1227.33. However, stock will show a bullish move above 1255.7.

Share price targets for Dr Reddy (DRREDDY)

Target Type	Value
Downside Target	1170.20
Upside Target	1261.80
Upside Target	1295.25
Upside Target	1321.90
Upside Target	6482.50
Upside Target	6758.15
Upside Target	6795.00
Upside Target	7074.95
Upside Target	7107.45

Intraday share price targets for Dr Reddy (DRREDDY)

Target Type	Value
Downside Intraday Target	1245
Downside Intraday Target	1234.85
Upside Intraday Target	1263.55
Upside Intraday Target	1271.95
Downside Intraday Target	1253.4

Weekly technical analysis of Dr Reddy (DRREDDY)

Date	Weekly Closing Price	Open	High	Low	Volume
09 Mon Dec 2024	1255.15	1254.65	1261.80	1243.25	0.12 times
06 Fri Dec 2024	1253.70	1214.25	1255.15	1202.30	0.939 times
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

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
09 Mon Dec 2024	1255.15	1214.25	1261.80	1202.30	0.345 times
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

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 definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Dr Reddy ( (DRREDDY) ) based on a short to mid 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 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 HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.

Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be moving up

CCI has generated a buy signal for Dr Reddy in short term and BUY signal is strong.

RSI is generating a SELL signal in short term and selling is picking up momentum.

MRSI is in positive zone. This is a BUY 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 1220.49 and Dr Reddy (DRREDDY) stock is trading above this level. This is a good sign for the stock and it could move higher. 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 is giving positive 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.