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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 2024-11-01 View latest technical analysis

10 day averaged volume of Dr Reddy is 29632

Date	Daily Closing Price	Open	High	Low	Volume
01 Fri Nov 2024	1258.55	1281.95	1285.00	1213.20	2.192 times
31 Thu Oct 2024	1274.25	1262.15	1283.25	1247.40	2.196 times
30 Wed Oct 2024	1250.20	1275.00	1275.00	1229.10	3.034 times
29 Tue Oct 2024	1275.10	1325.05	1333.65	1264.25	2.248 times
28 Mon Oct 2024	1312.40	1328.90	1328.90	1291.60	0.737 times
25 Fri Oct 2024	6514.15	6580.00	6580.00	6451.10	0.133 times
24 Thu Oct 2024	6582.65	6638.80	6638.90	6575.90	0.519 times
23 Wed Oct 2024	6606.35	6660.25	6683.75	6592.00	0.286 times
22 Tue Oct 2024	6660.25	6754.95	6755.00	6640.00	0.122 times
21 Mon Oct 2024	6696.10	6753.05	6773.45	6687.15	0.534 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, but trade for tomorrow is selective. Take a sell trade only if stock stays below 2974.8, but if it comes above 2974.8, then a intra day buy could be more profitable.
If you take a sell trade below 2974.8, then use 2974.8 as stoploss and 185.3 as target. However if you take a buy trade in stock , then use 2974.8 as stoploss and 5299.45 as target.

Share price targets for Dr Reddy (DrReddy)

Target Type	Value
Downside Target	1213.20
Upside Target	1285.00
Upside Target	1333.65
Upside Target	6200.00
Upside Target	6451.10
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	1203.28
Downside Intraday Target	1148.02
Upside Intraday Target	1323.73
Upside Intraday Target	1388.92
Upside Intraday Target	1268.47

Weekly technical analysis of Dr Reddy (DrReddy)

Date	Weekly Closing Price	Open	High	Low	Volume
01 Fri Nov 2024	1258.55	1328.90	1333.65	1213.20	6.527 times
25 Fri Oct 2024	6514.15	6753.05	6773.45	6451.10	0.55 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

Price has moved down 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
01 Fri Nov 2024	1258.55	1281.95	1285.00	1213.20	0.142 times
31 Thu Oct 2024	1274.25	6768.95	6796.60	1229.10	0.459 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

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 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 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 SELL signal in short term but selling is losing 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 1978.73 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.