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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 2024-12-17 View latest technical analysis

10 day averaged volume of Dr Reddy is 1801777

Date	Daily Closing Price	Open	High	Low	Volume
17 Tue Dec 2024	1247.65	1269.00	1270.95	1243.25	1.502 times
16 Mon Dec 2024	1269.95	1246.35	1274.15	1245.20	1.066 times
13 Fri Dec 2024	1246.35	1240.30	1250.20	1226.45	0.699 times
12 Thu Dec 2024	1245.40	1244.80	1250.20	1226.35	0.915 times
11 Wed Dec 2024	1238.55	1240.30	1243.40	1226.70	0.654 times
10 Tue Dec 2024	1240.35	1250.00	1253.60	1233.00	1.124 times
09 Mon Dec 2024	1255.15	1254.65	1261.80	1243.25	0.704 times
06 Fri Dec 2024	1253.70	1246.00	1255.15	1236.35	0.953 times
05 Thu Dec 2024	1239.85	1216.55	1249.50	1210.10	1.845 times
04 Wed Dec 2024	1215.55	1224.50	1229.10	1209.60	0.797 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 1248.7 as stoploss in an intra day sell trade for a target of 1226.71. However, stock will show a bullish move above 1248.7.

Share price targets for Dr Reddy (DRREDDY)

Target Type	Value
Downside Target	1170.20
Downside Target	1226.35
Upside Target	1261.80
Upside Target	1274.15
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	1235.88
Downside Intraday Target	1224.12
Upside Intraday Target	1266.78
Upside Intraday Target	1285.92
Upside Intraday Target	1255.02

Weekly technical analysis of Dr Reddy (DRREDDY)

Date	Weekly Closing Price	Open	High	Low	Volume
17 Tue Dec 2024	1247.65	1246.35	1274.15	1243.25	0.627 times
13 Fri Dec 2024	1246.35	1254.65	1261.80	1226.35	0.7 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

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
17 Tue Dec 2024	1247.65	1214.25	1274.15	1202.30	0.658 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 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 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 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 HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.

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

CCI has generated a SELL signal for Dr Reddy in short term but SELL 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 1245.48 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.