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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 2024-10-24 View latest technical analysis

10 day averaged volume of Dr Reddy is 13408

Date	Daily Closing Price	Open	High	Low	Volume
24 Thu Oct 2024	6582.65	6638.80	6638.90	6575.90	1.147 times
23 Wed Oct 2024	6606.35	6660.25	6683.75	6592.00	0.633 times
22 Tue Oct 2024	6660.25	6754.95	6755.00	6640.00	0.27 times
21 Mon Oct 2024	6696.10	6753.05	6773.45	6687.15	1.179 times
18 Fri Oct 2024	6749.35	6749.95	6774.00	6664.20	0.421 times
17 Thu Oct 2024	6699.50	6764.95	6777.85	6652.00	1.852 times
16 Wed Oct 2024	6709.60	6664.95	6744.00	6630.80	1.059 times
15 Tue Oct 2024	6617.90	6699.95	6699.95	6603.90	2.432 times
14 Mon Oct 2024	6664.65	6611.05	6689.00	6601.30	0.641 times
11 Fri Oct 2024	6601.25	6597.95	6621.25	6549.00	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 6617.4, but if it comes above 6617.4, then a intra day buy could be more profitable.
If you take a sell trade below 6617.4, then use 6617.4 as stoploss and 6546.1 as target. However if you take a buy trade in stock , then use 6617.4 as stoploss and 6676.78 as target.

Share price targets for Dr Reddy (DrReddy)

Target Type	Value
Downside Target	5600.05
Downside Target	6200.00
Downside Target	6423.00
Upside Target	6771.25
Upside Target	6773.45
Upside Target	6777.85
Upside Target	6796.60
Upside Target	7030.00
Upside Target	7069.85
Upside Target	7101.00

Intraday share price targets for Dr Reddy (DrReddy)

Target Type	Value
Downside Intraday Target	6514.55
Downside Intraday Target	6446.45
Upside Intraday Target	6712.1
Upside Intraday Target	6841.55
Upside Intraday Target	6644

Weekly technical analysis of Dr Reddy (DrReddy)

Date	Weekly Closing Price	Open	High	Low	Volume
24 Thu Oct 2024	6582.65	6753.05	6773.45	6575.90	0.504 times
18 Fri Oct 2024	6749.35	6611.05	6777.85	6601.30	1.434 times
11 Fri Oct 2024	6601.25	6670.00	6752.75	6549.00	1.709 times
03 Thu Oct 2024	6734.70	6779.65	6796.60	6676.95	0.704 times
27 Fri Sep 2024	6754.80	6629.80	6771.25	6580.00	0.059 times

Price has moved down 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
24 Thu Oct 2024	6582.65	6768.95	6796.60	6549.00	0.211 times
30 Mon Sep 2024	6757.90	7031.40	7069.85	6200.00	6.491 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

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 sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

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 getting stronger in this stock.

Ichimoku cloud is of green color and prices are in or below the green 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 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 6653.9 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.