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(RDY) Dr Reddy complete technical analysis [charts+indicators] | Buy/Sell Dr Reddy | (RDY) share price targets

Complete technical analysis of Dr Reddy (RDY) by charts plus indicators, forecast predictions and share price targets for Dr Reddy (RDY)

Dr Reddy trades in USA in Health Care sector.

10 day averaged volume of Dr Reddy is 167030

Date	Daily Closing Price	Open	High	Low	Volume
24 Wed Apr 2024	70.92	71.43	71.63	70.78	0.893 times
23 Tue Apr 2024	71.49	72.00	72.00	71.42	0.791 times
22 Mon Apr 2024	72.15	71.47	72.23	71.47	0.945 times
19 Fri Apr 2024	71.14	70.90	71.30	70.72	0.7 times
18 Thu Apr 2024	70.91	71.10	71.36	70.79	0.581 times
17 Wed Apr 2024	71.31	71.65	71.71	71.19	0.849 times
16 Tue Apr 2024	71.61	71.30	71.87	71.15	0.894 times
15 Mon Apr 2024	71.12	71.33	71.90	70.86	2.213 times
12 Fri Apr 2024	71.42	72.39	72.39	71.23	1.567 times
11 Thu Apr 2024	72.68	72.59	73.16	72.33	0.711 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 71.3, but if it comes above 71.3, then a intra day buy could be more profitable.
If you take a sell trade below 71.3, then use 71.3 as stoploss and 70 as target. However if you take a buy trade in stock , then use 71.3 as stoploss and 72.4 as target.

Share price targets for Dr Reddy (RDY)

Target Type	Value
Downside Target	64.50
Downside Target	67.16
Downside Target	70.04
Upside Target	72.50
Upside Target	73.60
Upside Target	73.81
Upside Target	74.07
Upside Target	74.44
Upside Target	77.29
Upside Target	77.72

Intraday share price targets for Dr Reddy (RDY)

Target Type	Value
Downside Intraday Target	70.39
Downside Intraday Target	69.86
Upside Intraday Target	71.84
Upside Intraday Target	72.76
Upside Intraday Target	71.31

Weekly technical analysis of Dr Reddy (RDY)

Date	Weekly Closing Price	Open	High	Low	Volume
24 Wed Apr 2024	70.92	71.47	72.23	70.78	0.502 times
19 Fri Apr 2024	71.14	71.33	71.90	70.72	1.111 times
12 Fri Apr 2024	71.42	73.63	74.07	71.23	0.93 times
05 Fri Apr 2024	73.76	74.44	74.44	72.50	1.361 times
28 Thu Mar 2024	73.35	73.22	73.81	72.19	0.515 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 (RDY)

Date	Monthly Closing Price	Open	High	Low	Volume
24 Wed Apr 2024	70.92	74.44	74.44	70.72	0.817 times
28 Thu Mar 2024	73.35	74.66	77.29	72.06	0.866 times
29 Thu Feb 2024	76.78	71.60	77.72	71.36	0.867 times
31 Wed Jan 2024	71.95	70.17	73.60	67.16	0.758 times

Scroll below to view daily charts

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 (RDY)

Price action analysis of Dr Reddy ( (RDY) ) 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.

Price action analysis of Dr Reddy ( (RDY) ) 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 ( (RDY) ) 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.

Price action analysis of Dr Reddy ( (RDY) ) 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 getting stronger in this stock.

Ichimoku cloud is of red color and prices are below 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 71.43 and Dr Reddy (RDY) 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 (RDY) stock. Volume based technical analysis of Dr Reddy (RDY) 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.