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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 2024-05-13 View latest technical analysis

10 day averaged volume of Dr Reddy is 15534

Date Daily Closing Price Open High Low Volume
13 Mon May 2024 5918.55 5927.00 5927.00 5853.05 0.258 times
10 Fri May 2024 5916.80 5878.00 5933.70 5820.00 0.534 times
09 Thu May 2024 5879.05 6058.80 6073.45 5872.05 1.337 times
08 Wed May 2024 6056.60 6100.00 6106.25 5952.10 2.472 times
07 Tue May 2024 6259.15 6324.00 6348.00 6200.05 0.76 times
06 Mon May 2024 6300.80 6410.35 6410.35 6244.75 0.772 times
03 Fri May 2024 6349.95 6291.80 6420.00 6260.00 1.83 times
02 Thu May 2024 6288.30 6201.55 6297.00 6198.90 0.52 times
30 Tue Apr 2024 6205.10 6293.65 6310.15 6188.55 0.46 times
29 Mon Apr 2024 6293.50 6263.20 6325.30 6200.75 0.758 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 5941.7, but if it comes above 5941.7, then a intra day buy could be more profitable.
If you take a sell trade below 5941.7, then use 5941.7 as stoploss and 5757.4 as target. However if you take a buy trade in stock , then use 5941.7 as stoploss and 6095.34 as target.

Share price targets for Dr Reddy (DrReddy)

Target Type Value
Downside Target 5523.45
Downside Target 5820.00
Upside Target 6137.45
Upside Target 6188.55
Upside Target 6310.00
Upside Target 6325.30
Upside Target 6410.35
Upside Target 6420.00
Upside Target 6471.00
Upside Target 6505.50

Intraday share price targets for Dr Reddy (DrReddy)

Target Type Value
Downside Intraday Target 5872.07
Downside Intraday Target 5825.58
Upside Intraday Target 5946.02
Upside Intraday Target 5973.48
Downside Intraday Target 5899.53

Weekly technical analysis of Dr Reddy (DrReddy)

Date Weekly Closing Price Open High Low Volume
13 Mon May 2024 5918.55 5927.00 5927.00 5853.05 0.044 times
10 Fri May 2024 5916.80 6410.35 6410.35 5820.00 1.646 times
03 Fri May 2024 6349.95 6263.20 6420.00 6188.55 1.045 times
26 Fri Apr 2024 6253.25 5960.50 6310.00 5923.00 0.915 times
19 Fri Apr 2024 5942.65 6060.05 6121.25 5881.15 1.62 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
13 Mon May 2024 5918.55 6201.55 6420.00 5820.00 0.661 times
30 Tue Apr 2024 6205.10 6178.90 6325.30 5881.15 0.489 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

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 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 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 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 losing 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 red color and prices are below the red 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

Although the stock is in the BUY zone, but buying might be slowing down

Stock of Dr Reddy is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 6149.38 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.

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 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 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 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 losing 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 red color and prices are below the red 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

Although the stock is in the BUY zone, but buying might be slowing down

Stock of Dr Reddy is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 6149.38 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.

Click here for Dr Reddy charts

Click here for further forecast and predictions for tomorrow

Daily charts

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