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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 2024-03-21 View latest technical analysis

10 day averaged volume of Dr Reddy is 6970

Date	Daily Closing Price	Open	High	Low	Volume
21 Thu Mar 2024	6129.20	6167.30	6167.30	6065.70	0.333 times
20 Wed Mar 2024	6101.55	6111.65	6140.20	6022.00	0.964 times
19 Tue Mar 2024	6138.40	6360.05	6360.05	6125.00	3.19 times
18 Mon Mar 2024	6340.20	6265.00	6354.05	6265.00	0.578 times
15 Fri Mar 2024	6286.45	6290.00	6308.25	6217.00	1.659 times
14 Thu Mar 2024	6299.20	6200.05	6316.95	6200.05	0.35 times
13 Wed Mar 2024	6299.20	6270.45	6347.35	6246.95	0.499 times
12 Tue Mar 2024	6298.20	6399.45	6418.85	6272.10	0.649 times
11 Mon Mar 2024	6383.55	6330.40	6420.00	6313.45	0.348 times
07 Thu Mar 2024	6323.30	6324.95	6366.50	6304.90	0.808 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 6206, but if it comes above 6206, then a intra day buy could be more profitable.
If you take a sell trade below 6206, then use 6206 as stoploss and 6082.7 as target. However if you take a buy trade in stock , then use 6206 as stoploss and 6308.7 as target.

Share price targets for Dr Reddy (DrReddy)

Target Type	Value
Downside Target	5246.80
Downside Target	5371.75
Downside Target	5523.45
Downside Target	5798.95
Upside Target	6235.00
Upside Target	6360.05
Upside Target	6420.00
Upside Target	6436.90
Upside Target	6471.00
Upside Target	6494.95
Upside Target	6505.50

Intraday share price targets for Dr Reddy (DrReddy)

Target Type	Value
Downside Intraday Target	5980.78
Downside Intraday Target	5832.37
Upside Intraday Target	6318.83
Upside Intraday Target	6508.47
Upside Intraday Target	6170.42

Weekly technical analysis of Dr Reddy (DrReddy)

Date	Weekly Closing Price	Open	High	Low	Volume
21 Thu Mar 2024	6129.20	6265.00	6360.05	6022.00	1.445 times
15 Fri Mar 2024	6286.45	6330.40	6420.00	6200.05	0.605 times
07 Thu Mar 2024	6323.30	6230.45	6436.90	6188.70	1.025 times
02 Sat Mar 2024	6241.00	6400.35	6505.50	6175.00	1.201 times
23 Fri Feb 2024	6445.00	6324.95	6494.95	6235.00	0.471 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
21 Thu Mar 2024	6129.20	6449.00	6471.00	6022.00	0.635 times
29 Thu Feb 2024	6420.40	6096.95	6505.50	5952.55	0.565 times
31 Wed Jan 2024	6121.45	5818.95	6137.45	5523.45	0.975 times
29 Fri Dec 2023	5797.90	5780.05	5889.90	5371.75	1.108 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 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 losing momentum.

MACD generated a SELL signal for Dr Reddy in short term but the sell signal is initial and weak.

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 moving up

CCI has generated a buy signal for Dr Reddy in short term but BUY signal is weak.

RSI is generating a SELL signal in short term and selling is picking up 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 6223.56 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.