Daily Technical Analysis Weekly Analysis Monthly Analysis Renko chart MACD chart Bollinger Bands chart Stochastics charts Force Index charts

(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.

10 day averaged volume of Dr Reddy is 448463

Date	Daily Closing Price	Open	High	Low	Volume
03 Fri May 2024	6349.55	6299.90	6419.90	6258.00	1.296 times
02 Thu May 2024	6287.50	6195.25	6299.80	6195.25	1.398 times
30 Tue Apr 2024	6204.30	6299.90	6313.00	6185.00	0.85 times
29 Mon Apr 2024	6297.10	6270.00	6325.00	6202.35	0.662 times
26 Fri Apr 2024	6252.10	6224.90	6308.85	6178.85	0.92 times
25 Thu Apr 2024	6218.75	5975.05	6262.00	5928.00	2.067 times
24 Wed Apr 2024	5950.80	5960.05	5994.85	5921.05	0.595 times
23 Tue Apr 2024	5952.10	6050.00	6065.00	5933.90	0.666 times
22 Mon Apr 2024	6016.10	5975.00	6064.00	5953.50	0.744 times
19 Fri Apr 2024	5942.85	6000.00	6000.00	5880.80	0.764 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 6395.5, for a target of 6248.5 or 6126

Share price targets for Dr Reddy (DRREDDY)

Target Type	Value
Downside Target	5520.65
Downside Target	5880.80
Downside Target	6195.25
Downside Target	6230.20
Downside Target	6305.85
Downside Target	6308.85
Downside Target	6325.00
Upside Target	6419.90
Upside Target	6473.00
Upside Target	6505.90

Intraday share price targets for Dr Reddy (DRREDDY)

Target Type	Value
Downside Intraday Target	6216.4
Downside Intraday Target	6083.25
Upside Intraday Target	6451.3
Upside Intraday Target	6553.05
Downside Intraday Target	6318.15

Weekly technical analysis of Dr Reddy (DRREDDY)

Date	Weekly Closing Price	Open	High	Low	Volume
03 Fri May 2024	6349.55	6270.00	6419.90	6185.00	0.843 times
26 Fri Apr 2024	6252.10	5975.00	6308.85	5921.05	1.383 times
19 Fri Apr 2024	5942.85	6073.20	6127.50	5880.80	1.613 times
12 Fri Apr 2024	6083.85	6217.45	6230.20	6075.00	0.627 times
05 Fri Apr 2024	6179.30	6215.00	6305.85	6047.50	1.483 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
03 Fri May 2024	6349.55	6195.25	6419.90	6195.25	0.169 times
30 Tue Apr 2024	6204.30	6215.00	6325.00	5880.80	1.208 times
28 Thu Mar 2024	6157.90	6449.00	6473.00	6023.20	0.695 times
29 Thu Feb 2024	6424.25	6089.45	6505.90	5950.10	0.925 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 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 neutral. A longer time frame might give a better analysis.

ADX buy sell signal for Dr Reddy stock for short term is BUY. Signal strength is Strong and stock is gaining momentum.

MACD generated a BUY signal for Dr Reddy in short term and the buy signal is strong.

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 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 BUY signal in short term but buying 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 6182.35 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.