(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 14939
| Date | Daily Closing Price | Open | High | Low | Volume |
| 16 Thu May 2024 | 5840.45 | 5928.00 | 5928.00 | 5710.50 | 0.708 times |
| 15 Wed May 2024 | 5872.35 | 5891.00 | 5964.65 | 5862.15 | 0.54 times |
| 14 Tue May 2024 | 5871.00 | 5949.90 | 5949.90 | 5855.00 | 0.471 times |
| 13 Mon May 2024 | 5918.55 | 5927.00 | 5927.00 | 5853.05 | 0.268 times |
| 10 Fri May 2024 | 5916.80 | 5878.00 | 5933.70 | 5820.00 | 0.555 times |
My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 5892.3, but if it comes above 5892.3, then a intra day buy could be more profitable.
If you take a sell trade below 5892.3, then use 5892.3 as stoploss and 5682.4 as target. However if you take a buy trade in stock , then use 5892.3 as stoploss and 6067.2 as target.
Share price targets for Dr Reddy (DrReddy)
| Target Type | Value |
| Downside Target | 5523.45 |
| Downside Target | 5710.50 |
| 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 | 5712.42 |
| Downside Intraday Target | 5584.38 |
| Upside Intraday Target | 5966.57 |
| Upside Intraday Target | 6092.68 |
| Downside Intraday Target | 5838.53 |
Weekly technical analysis of Dr Reddy (DrReddy)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 16 Thu May 2024 | 5840.45 | 5927.00 | 5964.65 | 5710.50 | 0.325 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 |
| 16 Thu May 2024 | 5840.45 | 6201.55 | 6420.00 | 5710.50 | 0.79 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 |
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 | 14, 31, 38 | Sell |
| MACD | -118, -66 | Sell |
| Stochastics | 12 | Sell |
| CCI | -81 | Sell |
| RSI | 43 | Sell |
| OBV | -33955 | Sell |
| VWAP | 6078 | Sell |
| ADL | 0 | Sell |
| ROC | -7 | Sell |
| Force Index | 0 | Sell |
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 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 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 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 6077.87 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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