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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 2024-12-30 View latest technical analysis

10 day averaged volume of Dr Reddy is 3490962

Date	Daily Closing Price	Open	High	Low	Volume
30 Mon Dec 2024	1376.90	1389.60	1392.00	1372.10	0.705 times
27 Fri Dec 2024	1389.45	1363.05	1398.25	1345.50	1.047 times
26 Thu Dec 2024	1355.15	1350.90	1360.20	1342.75	0.439 times
24 Tue Dec 2024	1350.90	1347.00	1365.00	1336.20	0.741 times
23 Mon Dec 2024	1341.35	1362.00	1367.00	1330.30	1.071 times
20 Fri Dec 2024	1343.65	1326.00	1368.70	1317.40	2.148 times
19 Thu Dec 2024	1325.60	1275.00	1331.35	1271.65	2.058 times
18 Wed Dec 2024	1275.40	1251.90	1281.00	1249.55	0.809 times
17 Tue Dec 2024	1247.65	1269.00	1270.95	1243.25	0.775 times
16 Mon Dec 2024	1269.95	1246.35	1274.15	1245.20	0.55 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 1338.6, but if it comes below 1338.6, then a intra day sell could be more profitable.
If you take a sell trade below 1338.6, then use 1338.6 as stoploss and 1282.86 as target. However if you take a buy trade in stock , then use 1338.6 as stoploss and 1405.5 as target.

Share price targets for Dr Reddy (DRREDDY)

Target Type	Value
Downside Target	1170.20
Downside Target	1202.30
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	1368.67
Downside Intraday Target	1360.43
Upside Intraday Target	1388.57
Upside Intraday Target	1400.23
Upside Intraday Target	1380.33

Weekly technical analysis of Dr Reddy (DRREDDY)

Date	Weekly Closing Price	Open	High	Low	Volume
30 Mon Dec 2024	1376.90	1389.60	1392.00	1372.10	0.214 times
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

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
30 Mon Dec 2024	1376.90	1214.25	1398.25	1202.30	1.578 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 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 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 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 positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 1331.28 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.