500124 NEWS why is Dr.reddy's price falling or rising

500124 NEWS reasons for why stock price of Dr.reddy's is falling or rising

500124 Dr Reddy is falling or rising technical reasons

Technical analysis forecast of Dr Reddy Stock is that its in a uptrend for shortterm, and I will avoid taking a SHORT or SELL trade in this stock. Look for opportunities to BUY or go LONG in Dr Reddy 500124 at this time. Stock is rising and might rise more.

It appears as if Dr Reddy 500124 gave a large move recently.

Stock of Dr Reddy (500124) is trading above an important moving average line, but it crossed this line recently, which means that it could show a small or a large fall soon enough depending on its trend.

My analysis of Dr Reddy is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if Dr Reddy stays above 6210.5, but if it comes below 6210.5, then a intra day sell could be more profitable.
If you take a sell trade below 6210.5, then use 6210.5 as stoploss and 6107.84 as target. However if you take a buy trade in Dr Reddy, then use 6210.5 as stoploss and 6333.7 as target.

500124 Dr Reddy is falling or rising NEWS fundamental reasons

Nestle India, Dr Reddy's to form joint venture for nutraceutical brands This collaboration aims to expand their complementary nutraceutical portfolios in areas like metabolic care, hospital nutrition, general wellness, women's health, and child nutrition - NEWS as on 2024-04-25 business-standard.com

Dr Reddy's recalls six lots of drug in US due to subpotency Dr Reddy's Laboratories on Tuesday said it is voluntarily recalling from the US market six lots of medication, indicated to reduce blood phenylalanine (Phe) levels, on account of being subpotent. The company is recalling affected lots of Sapropterin Dihydr - NEWS as on 2024-04-23 indiatimes.com

More announcements and NEWS

500124 Dr.reddy's current price & indicator signals

Moving Averages for Dr.reddy's

  • 5Day Average: 6078.14
  • 12Day Average: 6063.86
  • 20Day Average: 6103.25
  • 50Day Average: 6224.73
  • 100Day Average: 6010.8
  • 150Day Average: 5843.7
  • 200Day Average: 5780.45

500124 Indicators & signals

Indicator MACD (12,26,9)

6091.35, 6120.23, -45.46
Indicator MACD is in negative zone

Indicator ADX (14)

28, 31.67, 17.81
Indicator ADX is indicating that momentum is weak.
Indicator ADX is showing that momentum is towards buying

Indicator RSI (14)

Current RSI is: 57
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of 500124 Dr.reddy's are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
26 Fri Apr 2024 6253.25 6181.70 to 6310.00 0.58% 0.66 times
25 Thu Apr 2024 6217.15 5930.00 to 6259.00 4.47% 2.15 times
24 Wed Apr 2024 5951.20 5923.00 to 5991.35 -0.05% 0.53 times
23 Tue Apr 2024 5954.10 5939.55 to 6063.95 -1.01% 0.16 times
22 Mon Apr 2024 6015.00 5960.50 to 6062.20 1.22% 0.57 times
19 Fri Apr 2024 5942.65 5881.15 to 5970.00 -0.28% 2.02 times
18 Thu Apr 2024 5959.10 5941.00 to 6121.25 -1.54% 0.98 times
16 Tue Apr 2024 6052.00 5987.00 to 6071.00 0.7% 0.7 times
15 Mon Apr 2024 6010.00 5982.50 to 6070.00 -1.22% 0.75 times
12 Fri Apr 2024 6084.45 6075.00 to 6199.45 -1.22% 1.63 times
10 Wed Apr 2024 6159.40 6144.70 to 6215.35 -0.14% 0.5 times
09 Tue Apr 2024 6168.05 6155.50 to 6229.00 -0.05% 0.18 times

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500124 NEWS why is Dr.reddy's price falling or rising

 

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