(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)
Showing technical analysis as on 2024-05-30 View latest technical analysis
10 day averaged volume of Dr Reddy is 8526
| Date | Daily Closing Price | Open | High | Low | Volume |
| 30 Thu May 2024 | 5876.70 | 5949.00 | 5974.15 | 5832.35 | 3.378 times |
| 29 Wed May 2024 | 5999.70 | 5968.00 | 6015.00 | 5913.05 | 0.494 times |
| 28 Tue May 2024 | 5955.65 | 5884.35 | 6004.60 | 5875.90 | 2.717 times |
| 27 Mon May 2024 | 5884.35 | 5864.50 | 5893.30 | 5797.50 | 0.96 times |
| 24 Fri May 2024 | 5864.50 | 5893.00 | 5910.35 | 5840.30 | 0.441 times |
| 23 Thu May 2024 | 5892.25 | 5900.00 | 5932.00 | 5835.20 | 0.537 times |
| 22 Wed May 2024 | 5872.65 | 5844.05 | 5905.25 | 5794.00 | 1.77 times |
| 21 Tue May 2024 | 5780.70 | 5814.80 | 5833.40 | 5775.00 | 1.114 times |
| 18 Sat May 2024 | 5814.80 | 5802.00 | 5915.95 | 5802.00 | 0.07 times |
| 17 Fri May 2024 | 5799.25 | 5848.00 | 5857.10 | 5792.05 | 0.656 times |
Stock of Dr Reddy (DrReddy) has showed a significant fall. This could be a good time to exit from this stock.
My analysis of stock is bearish for shortterm, and stock might move down till 5789 or till 5595.6. Use a stoploss of 5950.26 and if the stock hits stoploss, then it can shoot up till 6111.48
Share price targets for Dr Reddy (DrReddy)
| Target Type | Value |
| Downside Target | 5523.45 |
| Downside Target | 5710.50 |
| Upside Target | 6022.00 |
| Upside Target | 6137.45 |
| Upside Target | 6188.55 |
| Upside Target | 6325.30 |
| Upside Target | 6410.35 |
| Upside Target | 6420.00 |
| Upside Target | 6471.00 |
| Upside Target | 6505.50 |
Intraday share price targets for Dr Reddy (DrReddy)
| Target Type | Value |
| Downside Intraday Target | 5777.8 |
| Downside Intraday Target | 5678.9 |
| Upside Intraday Target | 5995.3 |
| Upside Intraday Target | 6113.9 |
| Upside Intraday Target | 5896.4 |
Weekly technical analysis of Dr Reddy (DrReddy)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 30 Thu May 2024 | 5876.70 | 5864.50 | 6015.00 | 5797.50 | 1.954 times |
| 24 Fri May 2024 | 5864.50 | 5814.80 | 5932.00 | 5775.00 | 0.918 times |
| 18 Sat May 2024 | 5814.80 | 5927.00 | 5964.65 | 5710.50 | 0.393 times |
| 10 Fri May 2024 | 5916.80 | 6410.35 | 6410.35 | 5820.00 | 1.646 times |
| 03 Fri May 2024 | 6349.95 | 6263.20 | 6420.00 | 6188.55 | 1.045 times |
Price has moved up this week, and volume has increased substantially. This means that the move can continue in coming weeks.
Monthly technical analysis of Dr Reddy (DrReddy)
| Date | Monthly Closing Price | Open | High | Low | Volume |
| 30 Thu May 2024 | 5876.70 | 6201.55 | 6420.00 | 5710.50 | 1.309 times |
| 30 Tue Apr 2024 | 6205.10 | 6178.90 | 6325.30 | 5881.15 | 0.489 times |
| 28 Thu Mar 2024 | 6155.15 | 6449.00 | 6471.00 | 6022.00 | 2.163 times |
| 29 Thu Feb 2024 | 6420.40 | 6096.95 | 6505.50 | 5952.55 | 0.565 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 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 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 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 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 BUY signal for Dr Reddy in short term but the buy signal is initial and weak.
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 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 but SELL signal is weak.
RSI is generating a SELL signal in short term and selling is picking up 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 5886.29 and Dr Reddy (DrReddy) stock is trading below this level. This means that stock is falling with high volumes. 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.
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 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 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 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 BUY signal for Dr Reddy in short term but the buy signal is initial and weak.
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 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 but SELL signal is weak.
RSI is generating a SELL signal in short term and selling is picking up 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 5886.29 and Dr Reddy (DrReddy) stock is trading below this level. This means that stock is falling with high volumes. 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.
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