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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 2024-05-27 View latest technical analysis

10 day averaged volume of Dr Reddy is 6881

Date Daily Closing Price Open High Low Volume
27 Mon May 2024 5884.35 5864.50 5893.30 5797.50 1.19 times
24 Fri May 2024 5864.50 5893.00 5910.35 5840.30 0.546 times
23 Thu May 2024 5892.25 5900.00 5932.00 5835.20 0.666 times
22 Wed May 2024 5872.65 5844.05 5905.25 5794.00 2.193 times
21 Tue May 2024 5780.70 5814.80 5833.40 5775.00 1.381 times
18 Sat May 2024 5814.80 5802.00 5915.95 5802.00 0.086 times
17 Fri May 2024 5799.25 5848.00 5857.10 5792.05 0.812 times
16 Thu May 2024 5840.45 5928.00 5928.00 5710.50 1.538 times
15 Wed May 2024 5872.35 5891.00 5964.65 5862.15 1.172 times
14 Tue May 2024 5871.00 5949.90 5949.90 5855.00 1.023 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 5802.6 as stoploss in an intra day buy trade for a target of 5998.01. However, stock will show a bearish move below 5802.6.

Share price targets for Dr Reddy (DrReddy)

Target Type Value
Downside Target 5523.45
Downside Target 5710.50
Upside Target 6022.00
Upside Target 6137.45
Upside Target 6188.55
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 5823.47
Downside Intraday Target 5762.58
Upside Intraday Target 5919.27
Upside Intraday Target 5954.18
Downside Intraday Target 5858.38

Weekly technical analysis of Dr Reddy (DrReddy)

Date Weekly Closing Price Open High Low Volume
27 Mon May 2024 5884.35 5864.50 5893.30 5797.50 0.249 times
24 Fri May 2024 5864.50 5814.80 5932.00 5775.00 0.918 times
18 Sat May 2024 5814.80 5927.00 5964.65 5710.50 0.393 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

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
27 Mon May 2024 5884.35 6201.55 6420.00 5710.50 1.027 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 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 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 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 gaining momentum.

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

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

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 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 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 negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling 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 5851.85 and Dr Reddy (DrReddy) stock is trading above this level. This is a good sign for the stock and it could move higher. 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 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 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 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 gaining momentum.

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

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

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 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 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 negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling 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 5851.85 and Dr Reddy (DrReddy) stock is trading above this level. This is a good sign for the stock and it could move higher. 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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