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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.

10 day averaged volume of Dr Reddy is 349685

Date	Daily Closing Price	Open	High	Low	Volume
23 Tue Apr 2024	5952.10	6050.00	6065.00	5933.90	0.855 times
22 Mon Apr 2024	6016.10	5975.00	6064.00	5953.50	0.954 times
19 Fri Apr 2024	5942.85	6000.00	6000.00	5880.80	0.98 times
18 Thu Apr 2024	5957.15	6099.95	6127.50	5937.65	1.709 times
16 Tue Apr 2024	6050.35	6005.85	6073.85	5985.05	1.168 times
15 Mon Apr 2024	6010.85	6073.20	6073.20	5982.25	0.772 times
12 Fri Apr 2024	6083.85	6168.90	6189.00	6075.00	1.129 times
10 Wed Apr 2024	6157.90	6199.90	6199.90	6145.00	0.561 times
09 Tue Apr 2024	6167.90	6202.20	6230.20	6155.00	0.368 times
08 Mon Apr 2024	6174.55	6217.45	6226.75	6135.05	0.812 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 6014.5, but if it comes above 6014.5, then a intra day buy could be more profitable.
If you take a sell trade below 6014.5, then use 6014.5 as stoploss and 5904.8 as target. However if you take a buy trade in stock , then use 6014.5 as stoploss and 6105.8 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	5902.33
Downside Intraday Target	5852.57
Upside Intraday Target	6033.43
Upside Intraday Target	6114.77
Upside Intraday Target	5983.67

Weekly technical analysis of Dr Reddy (DRREDDY)

Date	Weekly Closing Price	Open	High	Low	Volume
23 Tue Apr 2024	5952.10	5975.00	6065.00	5933.90	0.391 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
23 Tue Apr 2024	5952.10	6215.00	6305.85	5880.80	0.822 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 gaining 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 coming down

CCI has generated a SELL signal for Dr Reddy in short term and SELL 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 6032.14 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.