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2022 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
27 Thu Jan 4256.35 4340.00 4365.15 4232.00 7.06 lakhs
25 Tue Jan 4402.85 4364.35 4418.95 4301.00 3.41 lakhs
24 Mon Jan 4364.35 4486.10 4489.80 4311.00 5.56 lakhs
21 Fri Jan 4496.15 4561.25 4570.00 4435.00 5.58 lakhs
20 Thu Jan 4591.55 4712.00 4712.00 4570.00 3.18 lakhs
DRREDDY chart

Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 4297.2, for a target of 4499.9 or 4668.88

  • 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 definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Intraday technical analysis of Dr Reddy

Stock is trading at 4305.05 as on 28 Fri Jan 11:20

Day open is at 4248.80, day high is at 4355.00, day low is at 4240.05, and day volume is at 32.55 lakhs so far.

First 15 minute high low range is 4240.05 - 4305.75

First hour high low range is 4240.05 - 4349.00

Date Intraday Price Open High Low Volume
28 Fri Jan 11:20 4305.05 4248.80 4355.00 4240.05 210489
28 Fri Jan 11:15 4304.05 4248.80 4355.00 4240.05 208369
28 Fri Jan 11:10 4302.85 4248.80 4355.00 4240.05 198532
28 Fri Jan 11:05 4307.25 4248.80 4355.00 4240.05 191162
28 Fri Jan 11:00 4310.00 4248.80 4355.00 4240.05 186968
Intraday DRREDDY chart

Prices of Dr Reddy are definitely rising in intraday. Look for buy opportunities.

Take a trade after 9:30am only.

Dr Reddy (DRREDDY) intraday stock price targets

  • EntEntry: 4272.9 or 4271.375
  • Upside target: 4305.75
  • Downside target : 4174.35
  • Second Upside target: 4310.75
  • Second Downside target : 4177.6

Dr Reddy (DRREDDY) weekly technical analysis

Date Weekly Close Open Range Volume
27 Thu Jan 4256.35 4486.10 4232.00
4489.80
16.029 lakhs
21 Fri Jan 4496.15 4665.50 4435.00
4734.40
21.464 lakhs
14 Fri Jan 4689.20 4728.40 4634.00
4759.60
16.351 lakhs
07 Fri Jan 4708.40 4907.00 4690.00
4930.30
17.316 lakhs
31 Fri Dec 4907.00 4624.10 4621.10
4931.05
23.552 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 sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

Weekly Price action analysis of Dr Reddy 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.

Dr Reddy (DRREDDY) Monthly technical analysis

Date Monthly Close Open Range Volume
27 Thu Jan 4256.35 4907.00 4232.00
4930.30
71.16 lakhs
31 Fri Dec 4907.00 4696.00 4441.30
4931.05
76.783 lakhs
30 Tue Nov 4675.85 4685.00 4551.50
4901.00
77.237 lakhs
29 Fri Oct 4659.20 4853.00 4526.05
5077.00
94.036 lakhs
30 Thu Sep 4880.70 4739.00 4687.00
4996.50
95.307 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 negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

Monthly Price action analysis of Dr Reddy 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.

Dr Reddy Daily stock price targets

  • Upside daily target: 4780.28
  • Upside daily target: 4533.08
  • Upside daily target: 4310.75

Dr Reddy Weekly stock price targets

  • Upside weekly target: 5074
  • Upside weekly target: 4819.35
  • Upside weekly target: 4579.05
  • Upside weekly target: 4315.88

Dr Reddy Monthly stock price targets

  • Upside monthly target: 5659.6
  • Upside monthly target: 5290.08
  • Upside monthly target: 4911.45
  • Upside monthly target: 4674.15
  • Upside monthly target: 4438.93
  • Downside monthly target: 4208.3
  • Downside monthly target: 3895.03

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 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 getting stronger in this stock.

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 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 4531.25 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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