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2020 Dr Reddy (DRREDDY) technical analysis [forecast] stock price targets

Dr Reddy technical analysis & forecast stock price targets, Daily, Weekly, Monthly technical analysis

Dr Reddy deals in Pharmaceuticals Dr Reddy option chain analysis

Date Close Open High Low Volume
03 Fri Jul 3921.45 3940.00 3967.95 3910.00 4.56 lakhs
02 Thu Jul 3920.55 3946.00 3979.00 3901.00 7.42 lakhs
01 Wed Jul 3911.45 3965.20 3966.00 3885.85 6.24 lakhs
30 Tue Jun 3944.95 4000.00 4010.90 3925.50 6.81 lakhs
29 Mon Jun 3973.85 3998.00 4044.00 3958.75 5.38 lakhs
DRREDDY chart

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 3947.9, but if it comes above 3947.9, then a intra day buy could be more profitable.
If you take a sell trade below 3947.9, then use 3947.9 as stoploss and 3876.6 as target. However if you take a buy trade in stock , then use 3947.9 as stoploss and 4007.34 as target.

  • Daily Price action analysis of 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.

  • Daily Price action analysis of 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.

  • Daily Price action analysis of DRREDDY based on a mid term time period is

Intraday technical analysis of Dr Reddy

Stock is trading at 3921.45 as on 03 Fri Jul 15:33

Day open is at 3940.00, day high is at 3967.95, day low is at 3910.00, and day volume is at 198.13 lakhs so far.

First 15 minute high low range is 3932.00 - 3955.00

First hour high low range is 3932.00 - 3967.95

Date Intraday Price Open High Low Volume
03 Fri Jul 15:33 3921.45 3940.00 3967.95 3910.00 455953
03 Fri Jul 15:30 3919.80 3940.00 3967.95 3910.00 455953
03 Fri Jul 15:25 3921.95 3940.00 3967.95 3910.00 444487
03 Fri Jul 15:20 3923.00 3940.00 3967.95 3910.00 434132
03 Fri Jul 15:15 3925.40 3940.00 3967.95 3910.00 422488
Intraday DRREDDY chart

Trend of Dr Reddy is not defined as of yet. Wait for entry and exit levels given below.

Take a trade after 9:30am only.

Dr Reddy (DRREDDY) intraday stock price targets

  • EntEntry: 3943.5 or 3927.35
  • Upside target: 3955
  • Downside target : 3909
  • Second Upside target: 3944.7
  • Second Downside target : 3886.75

Dr Reddy (DRREDDY) weekly technical analysis

Date Weekly Close Open Range Volume
03 Fri Jul 3921.45 3998.00 3885.85
4044.00
30.414 lakhs
26 Fri Jun 3998.60 4032.00 3965.00
4136.70
35.246 lakhs
19 Fri Jun 4005.60 4048.00 3952.75
4126.90
42.631 lakhs
12 Fri Jun 4007.95 4034.90 3930.00
4190.00
61.51 lakhs
05 Fri Jun 4024.90 4077.60 3886.00
4092.35
55.693 lakhs
weekly DRREDDY chart

Weekly forecast of Dr Reddy is negative. Sellers dominated the stock this week, and might continue to dominate in coming days too.

Weekly Price action analysis of Dr Reddy 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.

Weekly Price action analysis of Dr Reddy 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.

Dr Reddy (DRREDDY) Monthly technical analysis

Date Monthly Close Open Range Volume
03 Fri Jul 3921.45 3965.20 3885.85
3979.00
18.219 lakhs
30 Tue Jun 3944.95 4077.60 3886.00
4190.00
207.275 lakhs
29 Fri May 4071.25 3850.00 3613.85
4132.20
243.314 lakhs
30 Thu Apr 3936.30 3119.95 3025.10
4094.30
302.511 lakhs
31 Tue Mar 3120.75 2961.00 2495.05
3231.95
216.014 lakhs
monthly DRREDDY chart

Monthly forecast of Dr Reddy is negative. Sellers dominated the stock this month, and might continue to dominate in coming days too.

Monthly Price action analysis of Dr Reddy 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.

Monthly Price action analysis of Dr Reddy 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.

Dr Reddy Daily stock price targets

  • Upside daily target: 4164.38
  • Upside daily target: 3959.35

Dr Reddy Weekly stock price targets

  • Upside weekly target: 4221.68
  • Upside weekly target: 4016.66
  • Downside weekly target: 3824.58
  • Downside weekly target: 3595.7

Dr Reddy Monthly stock price targets

  • Upside monthly target: 4549.9
  • Upside monthly target: 4067.48
  • Downside monthly target: 3857.08
  • Downside monthly target: 3544.8
  • Downside monthly target: 3146.03
  • Downside monthly target: 2983.28
  • Downside monthly target: 2813.08

Dr Reddy (DRREDDY) indicators technical analysis

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.

ADX buy sell signal for Dr Reddy stock for short term is BUY. Signal strength is Weak and stock is gaining momentum.

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

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 moving up

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

RSI is generating a BUY signal in short term but buying 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 3991.95 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 positive

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

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