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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 2024-12-31 View latest technical analysis

10 day averaged volume of Dr Reddy is 3611346

Date	Daily Closing Price	Open	High	Low	Volume
31 Tue Dec 2024	1388.50	1370.30	1395.00	1366.55	0.524 times
30 Mon Dec 2024	1376.90	1389.60	1392.00	1372.10	0.682 times
27 Fri Dec 2024	1389.45	1363.05	1398.25	1345.50	1.012 times
26 Thu Dec 2024	1355.15	1350.90	1360.20	1342.75	0.424 times
24 Tue Dec 2024	1350.90	1347.00	1365.00	1336.20	0.716 times
23 Mon Dec 2024	1341.35	1362.00	1367.00	1330.30	1.036 times
20 Fri Dec 2024	1343.65	1326.00	1368.70	1317.40	2.077 times
19 Thu Dec 2024	1325.60	1275.00	1331.35	1271.65	1.99 times
18 Wed Dec 2024	1275.40	1251.90	1281.00	1249.55	0.782 times
17 Tue Dec 2024	1247.65	1269.00	1270.95	1243.25	0.749 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 1349.6, but if it comes below 1349.6, then a intra day sell could be more profitable.
If you take a sell trade below 1349.6, then use 1349.6 as stoploss and 1291.2 as target. However if you take a buy trade in stock , then use 1349.6 as stoploss and 1419.6 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	1366.55
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	1371.7
Downside Intraday Target	1354.9
Upside Intraday Target	1400.15
Upside Intraday Target	1411.8
Downside Intraday Target	1383.35

Weekly technical analysis of Dr Reddy (DRREDDY)

Date	Weekly Closing Price	Open	High	Low	Volume
31 Tue Dec 2024	1388.50	1389.60	1395.00	1366.55	0.378 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
31 Tue Dec 2024	1388.50	1214.25	1398.25	1202.30	1.633 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 stronger in this stock.

Ichimoku cloud is of green color and prices are above the green 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

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 1337.55 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.