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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 323756

Date	Daily Closing Price	Open	High	Low	Volume
25 Thu Apr 2024	6218.75	5975.05	6262.00	5928.00	2.863 times
24 Wed Apr 2024	5950.80	5960.05	5994.85	5921.05	0.825 times
23 Tue Apr 2024	5952.10	6050.00	6065.00	5933.90	0.923 times
22 Mon Apr 2024	6016.10	5975.00	6064.00	5953.50	1.03 times
19 Fri Apr 2024	5942.85	6000.00	6000.00	5880.80	1.058 times
18 Thu Apr 2024	5957.15	6099.95	6127.50	5937.65	1.846 times
16 Tue Apr 2024	6050.35	6005.85	6073.85	5985.05	1.261 times
15 Mon Apr 2024	6010.85	6073.20	6073.20	5982.25	0.834 times
12 Fri Apr 2024	6083.85	6168.90	6189.00	6075.00	1.22 times
10 Wed Apr 2024	6157.90	6199.90	6199.90	6145.00	0.606 times

Stock of Dr Reddy (DRREDDY) has showed a significant upmove. This could be a good time to enter in this stock!

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 6195.8, but if it comes below 6195.8, then a intra day sell could be more profitable.
If you take a sell trade below 6195.8, then use 6195.8 as stoploss and 6097.71 as target. However if you take a buy trade in stock , then use 6195.8 as stoploss and 6313.5 as target.

Share price targets for Dr Reddy (DRREDDY)

Target Type	Value
Downside Target	5370.00
Downside Target	5520.65
Downside Target	5880.80
Downside Target	6137.50
Downside Target	6211.45
Upside Target	6230.20
Upside Target	6262.00
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	6005.87
Downside Intraday Target	5792.98
Upside Intraday Target	6346.82
Upside Intraday Target	6474.88
Downside Intraday Target	6133.93

Weekly technical analysis of Dr Reddy (DRREDDY)

Date	Weekly Closing Price	Open	High	Low	Volume
25 Thu Apr 2024	6218.75	5975.00	6262.00	5921.05	1.128 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
25 Thu Apr 2024	6218.75	6215.00	6305.85	5880.80	1.024 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 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 positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

Price action analysis of Dr Reddy ( (DRREDDY) ) based on a short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 BUY. Signal strength is Strong and stock is gaining 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 in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are in or above the red 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 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 6055.27 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 negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.