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Stock analysis Dr. Reddy's Laboratories Limited DRREDDY

More indepth analysis on MunafaSutra.com

Moving Averages for Dr. Reddy's Laboratories Limited

  • 5Day Average: 1208.24
  • 12Day Average: 1235.77
  • 20Day Average: 1252.09
  • 50Day Average: 4491.37
  • 100Day Average: 5661.64
  • 150Day Average: 5794.17
  • 200Day Average: 5902.31

DRREDDY Indicators & signals

Indicator MACD (12,26,9)

1418.29, 2401.93, -1150.86
Indicator MACD is in negative zone

Indicator ADX (14)

86.01, 5.44, 72.32
Indicator ADX is indicating that momentum is still strong.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 18
Indicator RSI is indicating selling pressure and stock might fall.

Recent prices of DRREDDY Dr. Reddy's Laboratories Limited are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
26 Tue Nov 2024 1208.65 1203.20 to 1218.35 -0.05% 0.7 times
25 Mon Nov 2024 1209.30 1205.75 to 1247.00 -0.42% 1.93 times
22 Fri Nov 2024 1214.45 1193.60 to 1223.20 1.6% 0.45 times
21 Thu Nov 2024 1195.35 1172.50 to 1206.70 -1.49% 1.25 times
19 Tue Nov 2024 1213.45 1186.25 to 1232.00 1.67% 0.89 times
18 Mon Nov 2024 1193.55 1170.20 to 1219.80 -2.7% 1.98 times
14 Thu Nov 2024 1226.70 1222.20 to 1253.00 -1.47% 0.79 times
13 Wed Nov 2024 1245.00 1238.30 to 1265.05 -1.5% 0.59 times
12 Tue Nov 2024 1263.90 1258.30 to 1288.40 -1.86% 0.65 times
11 Mon Nov 2024 1287.90 1262.15 to 1295.25 0.33% 0.69 times
08 Fri Nov 2024 1283.65 1259.15 to 1293.00 -0.29% 0.78 times
07 Thu Nov 2024 1287.35 1280.55 to 1309.00 -1.13% 0.87 times

Technical analysis forecast for Dr. Reddy's Laboratories Limited Stock is that its in a downtrend for shortterm, and I will avoid taking a BUY or a LONG trade in this stock. Look for opportunities to sell or SHORT Dr. Reddy's Laboratories Limited DRREDDY at this time. Stock is falling and might fall more.

It appears as if Dr. Reddy's Laboratories Limited DRREDDY gave a large move recently.

Stock of Dr. Reddy's Laboratories Limited (DRREDDY) is trading below an important moving average line, and it has been below this line for quite some time now. This is not a good sign, stock might keep falling and stock might move lower...

Although my analysis for Dr. Reddy's Laboratories Limited 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 1889.5, for a target of 1932.3 or 1967.9

More indepth analysis on MunafaSutra.com