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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 2024-05-15 View latest technical analysis

10 day averaged volume of Dr Reddy is 14598

Date Daily Closing Price Open High Low Volume
15 Wed May 2024 5872.35 5891.00 5964.65 5862.15 0.552 times
14 Tue May 2024 5871.00 5949.90 5949.90 5855.00 0.482 times
13 Mon May 2024 5918.55 5927.00 5927.00 5853.05 0.275 times
10 Fri May 2024 5916.80 5878.00 5933.70 5820.00 0.568 times
09 Thu May 2024 5879.05 6058.80 6073.45 5872.05 1.423 times
08 Wed May 2024 6056.60 6100.00 6106.25 5952.10 2.631 times
07 Tue May 2024 6259.15 6324.00 6348.00 6200.05 0.809 times
06 Mon May 2024 6300.80 6410.35 6410.35 6244.75 0.821 times
03 Fri May 2024 6349.95 6291.80 6420.00 6260.00 1.947 times
02 Thu May 2024 6288.30 6201.55 6297.00 6198.90 0.554 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 5910.7, but if it comes above 5910.7, then a intra day buy could be more profitable.
If you take a sell trade below 5910.7, then use 5910.7 as stoploss and 5710.2 as target. However if you take a buy trade in stock , then use 5910.7 as stoploss and 6077.78 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 5828.72
Downside Intraday Target 5785.08
Upside Intraday Target 5940.32
Upside Intraday Target 6008.28
Upside Intraday Target 5896.68

Weekly technical analysis of Dr Reddy (DrReddy)

Date Weekly Closing Price Open High Low Volume
15 Wed May 2024 5872.35 5927.00 5964.65 5853.05 0.209 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 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
15 Wed May 2024 5872.35 6201.55 6420.00 5820.00 0.737 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 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 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 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

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 6106.56 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.

Price action analysis of Dr Reddy ( (DrReddy) ) based on a short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 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 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 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

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 6106.56 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.

Click here for Dr Reddy charts

Click here for further forecast and predictions for tomorrow

Daily charts

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