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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)

Showing technical analysis as on 2024-09-12 View latest technical analysis

10 day averaged volume of Dr Reddy is 9709

Date	Daily Closing Price	Open	High	Low	Volume
12 Thu Sep 2024	6683.90	6686.00	6700.00	6576.10	0.479 times
11 Wed Sep 2024	6611.10	6670.95	6750.00	6600.00	0.936 times
10 Tue Sep 2024	6651.85	6709.40	6709.40	6615.70	0.878 times
09 Mon Sep 2024	6652.70	6675.00	6718.70	6605.05	1.053 times
06 Fri Sep 2024	6669.75	6764.95	6764.95	6654.20	1.302 times
05 Thu Sep 2024	6697.70	6817.85	6848.55	6686.60	0.825 times
04 Wed Sep 2024	6786.20	6200.00	6847.90	6200.00	1.929 times
03 Tue Sep 2024	6854.45	6927.95	6927.95	6850.05	0.386 times
02 Mon Sep 2024	6870.35	7031.40	7069.85	6830.15	1.336 times
30 Fri Aug 2024	7029.20	6979.95	7042.05	6938.60	0.976 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 6709.5, but if it comes above 6709.5, then a intra day buy could be more profitable.
If you take a sell trade below 6709.5, then use 6709.5 as stoploss and 6540.6 as target. However if you take a buy trade in stock , then use 6709.5 as stoploss and 6850.33 as target.

Share price targets for Dr Reddy (DrReddy)

Target Type	Value
Downside Target	5600.05
Downside Target	6200.00
Downside Target	6420.00
Downside Target	6576.10
Upside Target	6750.00
Upside Target	7023.80
Upside Target	7030.00
Upside Target	7047.40
Upside Target	7069.85
Upside Target	7101.00

Intraday share price targets for Dr Reddy (DrReddy)

Target Type	Value
Downside Intraday Target	6590
Downside Intraday Target	6496.1
Upside Intraday Target	6763.9
Upside Intraday Target	6843.9
Downside Intraday Target	6670

Weekly technical analysis of Dr Reddy (DrReddy)

Date	Weekly Closing Price	Open	High	Low	Volume
12 Thu Sep 2024	6683.90	6675.00	6750.00	6576.10	0.579 times
06 Fri Sep 2024	6669.75	7031.40	7069.85	6200.00	1.94 times
30 Fri Aug 2024	7029.20	6893.30	7047.40	6890.15	0.898 times
23 Fri Aug 2024	6953.20	6800.85	7101.00	6800.85	1.011 times
16 Fri Aug 2024	6794.05	7000.05	7023.80	6759.00	0.876 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
12 Thu Sep 2024	6683.90	7031.40	7069.85	6200.00	0.577 times
30 Fri Aug 2024	7029.20	6800.00	7101.00	6759.00	0.542 times
31 Wed Jul 2024	6748.95	6410.30	7030.00	6282.80	0.805 times
28 Fri Jun 2024	6405.75	5976.95	6423.00	5600.05	1.293 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 term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in 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 positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

ADX buy sell signal for Dr Reddy stock for short term is SELL. Signal strength is Strong 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 in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bulls are getting stronger in this stock.

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be moving up

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 and the buying is gaining momentum.

MRSI is in positive zone. This is a BUY 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 6754.5 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.