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2021 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
13 Tue Apr 4777.30 5144.70 5144.70 4751.10 39.37 lakhs
12 Mon Apr 4996.95 4775.00 5120.00 4695.00 35.14 lakhs
09 Fri Apr 4760.30 4692.90 4794.00 4691.25 13.62 lakhs
08 Thu Apr 4689.05 4692.75 4756.00 4661.20 6.61 lakhs
07 Wed Apr 4692.65 4662.30 4734.00 4641.00 11.14 lakhs
DRREDDY chart

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 4704.1, but if it comes below 4704.1, then a intra day sell could be more profitable.
If you take a sell trade below 4704.1, then use 4704.1 as stoploss and 4521.3 as target. However if you take a buy trade in stock , then use 4704.1 as stoploss and 4923.6 as target.

  • Daily Price action analysis of 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.

  • Daily Price action analysis of 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.

  • Daily Price action analysis of DRREDDY based on a mid term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

Intraday technical analysis of Dr Reddy

Stock is trading at 4777.30 as on 13 Tue Apr 15:34

Day open is at 5144.70, day high is at 5144.70, day low is at 4751.10, and day volume is at 2098.4 lakhs so far.

First 15 minute high low range is 4960.00 - 5144.70

First hour high low range is 4833.00 - 5144.70

Date Intraday Price Open High Low Volume
13 Tue Apr 15:34 4777.30 5144.70 5144.70 4751.10 3936555
13 Tue Apr 15:30 4799.45 5144.70 5144.70 4751.10 3936555
13 Tue Apr 15:25 4800.85 5144.70 5144.70 4751.10 3903210
13 Tue Apr 15:20 4776.00 5144.70 5144.70 4751.10 3755983
13 Tue Apr 15:15 4767.00 5144.70 5144.70 4751.10 3665092
Intraday DRREDDY chart

Prices of Dr Reddy are surely coming down. Look for opportunities to sell in intraday.

Take a trade after 9:30am only.

Dr Reddy (DRREDDY) intraday stock price targets

  • EntEntry: 5052.35 or 4856.05
  • Upside target: 5144.7
  • Downside target : 4775.3
  • Second Upside target: 4961
  • Second Downside target : 4567.4

Dr Reddy (DRREDDY) weekly technical analysis

Date Weekly Close Open Range Volume
13 Tue Apr 4777.30 4775.00 4695.00
5144.70
74.51 lakhs
09 Fri Apr 4760.30 4560.00 4423.90
4794.00
46.109 lakhs
01 Thu Apr 4587.65 4429.95 4421.05
4594.95
22.865 lakhs
26 Fri Mar 4406.00 4276.90 4268.25
4423.00
39.817 lakhs
19 Fri Mar 4274.45 4460.00 4135.00
4466.70
42.239 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 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.

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
13 Tue Apr 4777.30 4550.00 4423.90
5144.70
127.096 lakhs
31 Wed Mar 4516.00 4445.00 4135.00
4583.35
179.585 lakhs
26 Fri Feb 4426.55 4560.05 4377.00
4909.95
307.261 lakhs
29 Fri Jan 4602.70 5217.25 4550.00
5443.50
171.77 lakhs
31 Thu Dec 5205.10 4870.00 4806.00
5274.20
274.948 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 negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this 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: 5270.98
  • Upside daily target: 4982.99
  • Downside daily target: 4725.78
  • Downside daily target: 4498.54

Dr Reddy Weekly stock price targets

  • Upside weekly target: 5185.85
  • Upside weekly target: 4850.98
  • Downside weekly target: 4592.1
  • Downside weekly target: 4370.58
  • Downside weekly target: 4038.88

Dr Reddy Monthly stock price targets

  • Upside monthly target: 5990.55
  • Upside monthly target: 5473.75
  • Upside monthly target: 5139.88
  • Upside monthly target: 4872.65
  • Downside monthly target: 4613.93
  • Downside monthly target: 4364.15
  • Downside monthly target: 4135.3

Dr Reddy (DRREDDY) indicators technical analysis

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.

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 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 but SELL signal is weak.

RSI is generating a BUY signal in short term but buying is losing momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 4761.13 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.

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