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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)

10 day averaged volume of Dr Reddy is 459435

Date Daily Closing Price Open High Low Volume
17 Fri May 2024 5799.55 5850.40 5856.45 5791.00 1.309 times
16 Thu May 2024 5850.40 5928.00 5928.00 5709.00 1.593 times
15 Wed May 2024 5875.00 5885.00 5966.95 5860.00 0.635 times
14 Tue May 2024 5868.80 5938.90 5945.40 5855.00 0.517 times
13 Mon May 2024 5908.55 5921.00 5949.00 5850.50 0.371 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 5876.5, but if it comes above 5876.5, then a intra day buy could be more profitable.
If you take a sell trade below 5876.5, then use 5876.5 as stoploss and 5657.6 as target. However if you take a buy trade in stock , then use 5876.5 as stoploss and 6058.96 as target.

Share price targets for Dr Reddy (DRREDDY)

Target Type Value
Downside Target 5520.65
Downside Target 5709.00
Upside Target 6137.50
Upside Target 6185.00
Upside Target 6308.85
Upside Target 6325.00
Upside Target 6380.00
Upside Target 6419.90
Upside Target 6473.00
Upside Target 6505.90

Intraday share price targets for Dr Reddy (DRREDDY)

Target Type Value
Downside Intraday Target 5683.38
Downside Intraday Target 5567.22
Upside Intraday Target 5941.33
Upside Intraday Target 6083.12
Upside Intraday Target 5825.17

Weekly technical analysis of Dr Reddy (DRREDDY)

Date Weekly Closing Price Open High Low Volume
17 Fri May 2024 5799.55 5921.00 5966.95 5709.00 0.794 times
10 Fri May 2024 5921.00 6379.70 6380.00 5818.10 1.358 times
03 Fri May 2024 6349.55 6270.00 6419.90 6185.00 0.843 times
26 Fri Apr 2024 6252.10 5975.00 6308.85 5921.05 1.383 times
19 Fri Apr 2024 5942.85 6073.20 6127.50 5880.80 1.613 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
17 Fri May 2024 5799.55 6195.25 6419.90 5709.00 0.813 times
30 Tue Apr 2024 6204.30 6215.00 6325.00 5880.80 1.208 times
28 Thu Mar 2024 6157.90 6449.00 6473.00 6023.20 0.695 times
29 Thu Feb 2024 6424.25 6089.45 6505.90 5950.10 0.925 times

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)

Indicator Name Indicator Value Indicator Signal
ADX 13, 29, 40 Sell
MACD -135, -84Sell
Stochastics 14Sell
CCI -80Sell
RSI 50Sell
OBV -2127650Sell
VWAP 5972Sell
ADL 0Sell
ROC -9Sell
Force Index 0Sell

Price action analysis of Dr Reddy ( (DRREDDY) ) based on a short 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 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 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 Strong and stock is gaining 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 weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be coming down

CCI has generated a SELL signal for Dr Reddy in short term and SELL signal is strong!

RSI is generating a SELL signal in short term but selling is losing 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 5972.02 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.

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