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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 2024-04-03 View latest technical analysis

10 day averaged volume of Dr Reddy is 33430

Date	Daily Closing Price	Open	High	Low	Volume
03 Wed Apr 2024	6122.45	6274.55	6274.55	6112.10	0.144 times
02 Tue Apr 2024	6234.90	6252.95	6269.95	6207.45	0.155 times
01 Mon Apr 2024	6250.85	6178.90	6282.10	6160.00	0.164 times
28 Thu Mar 2024	6155.15	6096.35	6211.45	6081.75	0.41 times
27 Wed Mar 2024	6047.60	6150.00	6150.00	6035.50	0.106 times
26 Tue Mar 2024	6126.95	6299.70	6299.70	6107.00	7.887 times
22 Fri Mar 2024	6201.60	6129.25	6236.00	6107.45	0.223 times
21 Thu Mar 2024	6129.20	6167.30	6167.30	6065.70	0.069 times
20 Wed Mar 2024	6101.55	6111.65	6140.20	6022.00	0.201 times
19 Tue Mar 2024	6138.40	6360.05	6360.05	6125.00	0.665 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 6139.1, but if it comes above 6139.1, then a intra day buy could be more profitable.
If you take a sell trade below 6139.1, then use 6139.1 as stoploss and 6024.4 as target. However if you take a buy trade in stock , then use 6139.1 as stoploss and 6234.77 as target.

Share price targets for Dr Reddy (DrReddy)

Target Type	Value
Downside Target	5371.75
Downside Target	5523.45
Downside Target	5889.90
Upside Target	6282.10
Upside Target	6299.70
Upside Target	6360.05
Upside Target	6420.00
Upside Target	6436.90
Upside Target	6471.00
Upside Target	6505.50

Intraday share price targets for Dr Reddy (DrReddy)

Target Type	Value
Downside Intraday Target	6062.33
Downside Intraday Target	6002.22
Upside Intraday Target	6232.33
Upside Intraday Target	6342.22
Upside Intraday Target	6172.22

Weekly technical analysis of Dr Reddy (DrReddy)

Date	Weekly Closing Price	Open	High	Low	Volume
03 Wed Apr 2024	6122.45	6178.90	6282.10	6112.10	0.055 times
28 Thu Mar 2024	6155.15	6299.70	6299.70	6035.50	6.572 times
22 Fri Mar 2024	6201.60	6265.00	6360.05	6022.00	1.749 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

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
03 Wed Apr 2024	6122.45	6178.90	6282.10	6112.10	0.038 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
31 Wed Jan 2024	6121.45	5818.95	6137.45	5523.45	0.975 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 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 Weak and stock is losing 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 tired and bears are picking up momentum.

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 but SELL 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 6132.82 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.