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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 2024-04-22 View latest technical analysis

10 day averaged volume of Dr Reddy is 356241

Date	Daily Closing Price	Open	High	Low	Volume
22 Mon Apr 2024	6016.10	5975.00	6064.00	5953.50	0.936 times
19 Fri Apr 2024	5942.85	6000.00	6000.00	5880.80	0.962 times
18 Thu Apr 2024	5957.15	6099.95	6127.50	5937.65	1.678 times
16 Tue Apr 2024	6050.35	6005.85	6073.85	5985.05	1.146 times
15 Mon Apr 2024	6010.85	6073.20	6073.20	5982.25	0.758 times
12 Fri Apr 2024	6083.85	6168.90	6189.00	6075.00	1.108 times
10 Wed Apr 2024	6157.90	6199.90	6199.90	6145.00	0.55 times
09 Tue Apr 2024	6167.90	6202.20	6230.20	6155.00	0.361 times
08 Mon Apr 2024	6174.55	6217.45	6226.75	6135.05	0.798 times
05 Fri Apr 2024	6179.30	6142.50	6305.85	6140.00	1.519 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 6029.1, but if it comes above 6029.1, then a intra day buy could be more profitable.
If you take a sell trade below 6029.1, then use 6029.1 as stoploss and 5927.9 as target. However if you take a buy trade in stock , then use 6029.1 as stoploss and 6113.36 as target.

Share price targets for Dr Reddy (DRREDDY)

Target Type	Value
Downside Target	5370.00
Downside Target	5520.65
Downside Target	5880.80
Upside Target	6127.50
Upside Target	6137.50
Upside Target	6211.45
Upside Target	6230.20
Upside Target	6305.85
Upside Target	6473.00
Upside Target	6505.90

Intraday share price targets for Dr Reddy (DRREDDY)

Target Type	Value
Downside Intraday Target	5958.4
Downside Intraday Target	5900.7
Upside Intraday Target	6068.9
Upside Intraday Target	6121.7
Downside Intraday Target	6011.2

Weekly technical analysis of Dr Reddy (DRREDDY)

Date	Weekly Closing Price	Open	High	Low	Volume
22 Mon Apr 2024	6016.10	5975.00	6064.00	5953.50	0.206 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
28 Thu Mar 2024	6157.90	6190.00	6211.45	6034.10	0.769 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
22 Mon Apr 2024	6016.10	6215.00	6305.85	5880.80	0.771 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
31 Wed Jan 2024	6121.15	5800.00	6137.50	5520.65	0.866 times

Scroll below to view daily charts

Price has moved down 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 negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Dr Reddy ( (DRREDDY) ) based on a short to mid 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.

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 Weak and stock is losing momentum.

MACD generated a SELL signal for Dr Reddy in short term and the sell signal is strong.

Dr Reddy Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be moving up

CCI has generated a buy signal for Dr Reddy in short term but BUY signal is weak.

RSI is generating a BUY signal in short term and the buying is gaining momentum.

MRSI is in negative zone. This is the SELL zone

Stock of Dr Reddy is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 6061.75 and Dr Reddy (DRREDDY) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

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 has given negative 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.