NSE Stock DRREDDY Historical charts - Dr. Reddy's Laboratories Limited

Historical charts for Stock DRREDDY - Share Dr. Reddy's Laboratories Limited trades in NSE under Pharmaceuticals

Moving Averages for

  • 5Day Average: 6964.82
  • 12Day Average: 6978.68
  • 20Day Average: 6948.16
  • 50Day Average: 6770.16
  • 100Day Average: 6382.61
  • 150Day Average: 6334.44

DRREDDY Indicators & signals

Indicator MACD (12,26,9)

6958.04, 6897.57, 74.04
Indicator MACD is in positive zone

Indicator ADX (14)

26.98, 20.4, 11.73
Indicator ADX is indicating that momentum is weak.
Indicator ADX is showing that momentum is towards buying

Indicator RSI (14)

Current RSI is: 53
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of DRREDDY are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
30 Fri Aug 2024 7031.35 6938.00 to 7045.00 1.45% 2.07 times
29 Thu Aug 2024 6931.15 6889.10 to 7019.95 0% 1.08 times
29 Thu Aug 2024 6931.15 6889.10 to 7019.95 0% 1.08 times
29 Thu Aug 2024 6931.15 6889.10 to 7019.95 -0.97% 1.08 times
28 Wed Aug 2024 6999.30 6923.00 to 7048.25 0.52% 0.99 times
27 Tue Aug 2024 6962.95 6902.05 to 7006.55 0.28% 1.38 times
26 Mon Aug 2024 6943.30 6899.20 to 6959.95 -0.16% 0.62 times
23 Fri Aug 2024 6954.50 6930.05 to 6990.00 -0.21% 0.43 times
22 Thu Aug 2024 6969.05 6923.20 to 7062.35 -1.32% 1.02 times
21 Wed Aug 2024 7062.45 6965.35 to 7107.45 0% 1.16 times
21 Wed Aug 2024 7062.45 6965.35 to 7107.45 1.39% 1.16 times
20 Tue Aug 2024 6965.35 6900.00 to 6974.20 0.78% 0.45 times

Technical analysis forecast of DRREDDY 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 DRREDDY DRREDDY at this time. Stock is rising and might rise more.

It appears as if DRREDDY DRREDDY gave a large move recently.

Stock of DRREDDY (DRREDDY) is trading above an important moving average line, and it has been above this line for quite some time now. This is a good sign, and the stock might keep rising and move higher!

My analysis of DRREDDY is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if DRREDDY stays above 6997.2, but if it comes below 6997.2, then a intra day sell could be more profitable.
If you take a sell trade below 6997.2, then use 6997.2 as stoploss and 6929.02 as target. However if you take a buy trade in DRREDDY, then use 6997.2 as stoploss and 7079.1 as target.

Tomorrow's movement Prediction of DRREDDY appears strongly Bullish. This stock started moving upwards as soon as it opened. Generally this happens when there is a positive sentiment following the stock, making it attractive. There's a good chance that this upwards movement will continue tomorrow as well.

Munafa value: 65

Munafa value: 65

If this Munafa value is near or nearing 100, then this stock might show an upward movement. However, if this value is near or nearing 10, then this stock might very well show a downward movement.

If the Munafa value is near 50, then the stock might show a sideways movement.

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NSE Stock DRREDDY Historical charts - Share Dr. Reddy's Laboratories Limited

 

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