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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
23 Fri Jul 5422.15 5381.50 5432.00 5360.10 3.07 lakhs
22 Thu Jul 5384.50 5394.00 5394.00 5326.55 1.86 lakhs
20 Tue Jul 5344.05 5436.00 5436.00 5322.60 2.64 lakhs
19 Mon Jul 5419.35 5398.00 5445.00 5382.10 2.41 lakhs
16 Fri Jul 5406.55 5393.00 5450.00 5383.85 4.38 lakhs
DRREDDY chart

My analysis of stock is bearish for shortterm, and stock might move down till 5375 or till 5287.2. Use a stoploss of 5448.15 and if the stock hits stoploss, then it can shoot up till 5521.3

  • 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 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 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.

Intraday technical analysis of Dr Reddy

Stock is trading at 5422.15 as on 23 Fri Jul 15:34

Day open is at 5381.50, day high is at 5432.00, day low is at 5360.10, and day volume is at 78.69 lakhs so far.

First 15 minute high low range is 5381.00 - 5409.00

First hour high low range is 5374.10 - 5410.00

Date Intraday Price Open High Low Volume
23 Fri Jul 15:34 5422.15 5381.50 5432.00 5360.10 306673
23 Fri Jul 15:30 5419.00 5381.50 5432.00 5360.10 306673
23 Fri Jul 15:25 5427.45 5381.50 5432.00 5360.10 292979
23 Fri Jul 15:20 5424.90 5381.50 5428.20 5360.10 277125
23 Fri Jul 15:15 5419.95 5381.50 5428.10 5360.10 263619
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: 5395 or 5411.5625
  • Upside target: 5409
  • Downside target : 5353
  • Second Upside target: 5463.03
  • Second Downside target : 5391.13

Dr Reddy (DRREDDY) weekly technical analysis

Date Weekly Close Open Range Volume
23 Fri Jul 5422.15 5398.00 5322.60
5445.00
9.979 lakhs
16 Fri Jul 5406.55 5499.90 5367.50
5534.00
17.961 lakhs
09 Fri Jul 5460.30 5576.20 5416.95
5614.60
19.261 lakhs
02 Fri Jul 5575.70 5329.00 5312.55
5600.00
30.406 lakhs
25 Fri Jun 5309.30 5275.00 5227.00
5349.95
20.837 lakhs
weekly DRREDDY chart

Weekly forecast of Dr Reddy is positive. Buyers dominated the stock this week, and this trend might continue for a few days

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
23 Fri Jul 5422.15 5426.00 5322.60
5614.60
61.234 lakhs
30 Wed Jun 5423.05 5305.00 5150.10
5515.00
129.452 lakhs
31 Mon May 5309.15 5193.95 5054.35
5398.40
206.708 lakhs
30 Fri Apr 5163.10 4550.00 4423.90
5290.00
305.337 lakhs
31 Wed Mar 4516.00 4445.00 4135.00
4583.35
179.585 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: 5541.93
  • Downside daily target: 5276.63

Dr Reddy Weekly stock price targets

  • Upside weekly target: 5731.58
  • Upside weekly target: 5444.13
  • Downside weekly target: 5119.25

Dr Reddy Monthly stock price targets

  • Upside monthly target: 5659.6
  • Downside monthly target: 5290.08
  • Downside monthly target: 5023.1
  • Downside monthly target: 4773.85
  • Downside monthly target: 4522.63
  • 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 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 losing 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 buy signal for Dr Reddy in short term but BUY signal is weak.

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

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 5415.02 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 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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