RDY NEWS why is Dr. Reddy's Laboratories Ltd price falling or rising

RDY NEWS reasons for why stock price of Dr. Reddy's Laboratories Ltd is falling or rising

RDY 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 RDY at this time. Stock is rising and might rise more.

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

Stock of Dr Reddy (RDY) 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 Dr Reddy is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if Dr Reddy stays above 74.8, but if it comes below 74.8, then a intra day sell could be more profitable.
If you take a sell trade below 74.8, then use 74.8 as stoploss and 73.35 as target. However if you take a buy trade in Dr Reddy, then use 74.8 as stoploss and 76.5 as target.

RDY Dr Reddy is falling or rising NEWS fundamental reasons

Dr Reddy's Q4 Preview: PAT may rise over 50% YoY on strong US sales According to an average estimate of four brokerages, revenue from operations in the January-March 2023 period is seen growing up to 18% year-on-year. Meanwhile, net profit after tax is likely to surge up to 54% YoY. - NEWS as on 2024-05-06 indiatimes.com

Market Trading Guide: Dr Reddy, KPIT Technologies among 5 stock recommendations for Monday - NEWS as on 2024-05-05 indiatimes.com

Dr Reddy's launches Doxycycline Capsules in the US Dr. Reddy's Laboratories announced its launch of Doxycycline Capsules, 40 mg in the U.S. market, a therapeutic generic equivalent of ORACEA (doxycycline, USP) Capsules, 40 mg approved by the U.S. Food and Drug Administration (USFDA). - NEWS as on 2024-05-03 business-standard.com

More announcements and NEWS

RDY Dr. Reddy's Laboratories Ltd current price & indicator signals

Moving Averages for Dr. Reddy's Laboratories Ltd

  • 5Day Average: 74.37
  • 12Day Average: 73.09
  • 20Day Average: 72.77
  • 50Day Average: 74.03
  • 100Day Average: 72.46
  • 150Day Average: 70.54
  • 200Day Average: 70.14

RDY Indicators & signals

Indicator MACD (12,26,9)

73.61, 73.32, -0.13
Indicator MACD is in positive zone

Indicator ADX (14)

20.69, 33.33, 21.9
Indicator ADX is indicating that momentum is weak.
Indicator ADX is showing that momentum is towards buying

Indicator RSI (14)

Current RSI is: 55
Indicator RSI is indicating buying momentum and stock might rise.

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

Date Close Range Change % Volume
03 Fri May 2024 75.21 74.71 to 75.43 0.58% 1.1 times
02 Thu May 2024 74.78 74.48 to 75.19 1.08% 1.24 times
01 Wed May 2024 73.98 73.38 to 74.28 0.69% 0.57 times
30 Tue Apr 2024 73.47 73.39 to 74.06 -1.28% 0.9 times
29 Mon Apr 2024 74.42 74.30 to 75.22 -0.17% 1.14 times
26 Fri Apr 2024 74.55 74.24 to 74.78 0.72% 1.06 times
25 Thu Apr 2024 74.02 73.27 to 74.33 4.37% 2.35 times
24 Wed Apr 2024 70.92 70.78 to 71.63 -0.8% 0.73 times
23 Tue Apr 2024 71.49 71.42 to 72.00 -0.91% 0.65 times
22 Mon Apr 2024 72.15 71.47 to 72.23 1.42% 0.78 times
19 Fri Apr 2024 71.14 70.72 to 71.30 0.32% 0.58 times
18 Thu Apr 2024 70.91 70.79 to 71.36 -0.56% 0.48 times

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