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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 2024-07-15 View latest technical analysis

10 day averaged volume of Dr Reddy is 16872

Date	Daily Closing Price	Open	High	Low	Volume
15 Mon Jul 2024	6792.80	6787.85	6882.70	6703.25	0.769 times
12 Fri Jul 2024	6721.65	6599.00	6741.90	6564.85	0.879 times
11 Thu Jul 2024	6595.80	6592.55	6619.05	6537.35	1.943 times
10 Wed Jul 2024	6593.95	6574.90	6603.05	6480.00	0.61 times
09 Tue Jul 2024	6583.25	6540.05	6592.60	6428.35	0.808 times
08 Mon Jul 2024	6537.10	6522.00	6575.00	6484.90	0.432 times
05 Fri Jul 2024	6522.90	6468.70	6543.20	6460.00	0.805 times
04 Thu Jul 2024	6482.50	6442.95	6539.95	6371.80	1.116 times
03 Wed Jul 2024	6428.05	6399.95	6524.95	6367.95	1.708 times
02 Tue Jul 2024	6371.65	6359.95	6380.95	6282.80	0.666 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 6602.2, but if it comes below 6602.2, then a intra day sell could be more profitable.
If you take a sell trade below 6602.2, then use 6602.2 as stoploss and 6334.91 as target. However if you take a buy trade in stock , then use 6602.2 as stoploss and 6923 as target.

Share price targets for Dr Reddy (DrReddy)

Target Type	Value
Downside Target	5600.05
Downside Target	5881.15
Downside Target	6282.80
Downside Target	6423.00
Downside Target	6428.35
Downside Target	6471.00
Downside Target	6543.20
Downside Target	6703.25
Downside Target	6741.90
Upside Target	6882.70

Intraday share price targets for Dr Reddy (DrReddy)

Target Type	Value
Downside Intraday Target	6703.13
Downside Intraday Target	6613.47
Upside Intraday Target	6882.58
Upside Intraday Target	6972.37
Upside Intraday Target	6792.92

Weekly technical analysis of Dr Reddy (DrReddy)

Date	Weekly Closing Price	Open	High	Low	Volume
15 Mon Jul 2024	6792.80	6787.85	6882.70	6703.25	0.165 times
12 Fri Jul 2024	6721.65	6522.00	6741.90	6428.35	0.877 times
05 Fri Jul 2024	6522.90	6410.30	6543.20	6282.80	0.805 times
28 Fri Jun 2024	6405.75	5974.00	6423.00	5961.00	1.198 times
21 Fri Jun 2024	6008.70	6028.90	6053.95	5889.00	1.21 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
15 Mon Jul 2024	6792.80	6410.30	6882.70	6282.80	0.517 times
28 Fri Jun 2024	6405.75	5976.95	6423.00	5600.05	1.293 times
31 Fri May 2024	5787.55	6201.55	6420.00	5710.50	1.364 times
30 Tue Apr 2024	6205.10	6178.90	6325.30	5881.15	0.489 times

Scroll below to view daily charts

Price has moved up 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 to mid 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 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 BUY. Signal strength is Strong and stock is gaining momentum.

MACD generated a BUY signal for Dr Reddy in short term and the buy signal is strong.

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

Dr Reddy Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be moving up

CCI has generated a buy signal for Dr Reddy in short term and BUY signal is strong.

RSI is generating a BUY signal in short term and the buying is gaining 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 6555.19 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 rising upwards.

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 is giving positive returns over a short term period. Returns for a longer term period have been positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.