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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 2024-12-27 View latest technical analysis

10 day averaged volume of Dr Reddy is 3290231

Date	Daily Closing Price	Open	High	Low	Volume
27 Fri Dec 2024	1389.45	1363.05	1398.25	1345.50	1.111 times
26 Thu Dec 2024	1355.15	1350.90	1360.20	1342.75	0.465 times
24 Tue Dec 2024	1350.90	1347.00	1365.00	1336.20	0.786 times
23 Mon Dec 2024	1341.35	1362.00	1367.00	1330.30	1.137 times
20 Fri Dec 2024	1343.65	1326.00	1368.70	1317.40	2.279 times
19 Thu Dec 2024	1325.60	1275.00	1331.35	1271.65	2.184 times
18 Wed Dec 2024	1275.40	1251.90	1281.00	1249.55	0.858 times
17 Tue Dec 2024	1247.65	1269.00	1270.95	1243.25	0.822 times
16 Mon Dec 2024	1269.95	1246.35	1274.15	1245.20	0.584 times
13 Fri Dec 2024	1246.35	1240.30	1250.20	1226.45	0.383 times

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 1392.8, for a target of 1328.1 or 1274.13

Share price targets for Dr Reddy (DRREDDY)

Target Type	Value
Downside Target	1170.20
Downside Target	1226.35
Downside Target	1321.90
Downside Target	1368.70
Upside Target	1398.25
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	1347.08
Downside Intraday Target	1304.72
Upside Intraday Target	1415.03
Upside Intraday Target	1440.62
Downside Intraday Target	1372.67

Weekly technical analysis of Dr Reddy (DRREDDY)

Date	Weekly Closing Price	Open	High	Low	Volume
27 Fri Dec 2024	1389.45	1362.00	1398.25	1330.30	0.52 times
20 Fri Dec 2024	1343.65	1246.35	1368.70	1243.25	2.999 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

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
27 Fri Dec 2024	1389.45	1214.25	1398.25	1202.30	1.506 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, 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 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 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 BUY. Signal strength is Weak 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 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 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 1325 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 positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.