Overall Technical outlook

Price Summary

In today's trading, Dr. Reddy's Laboratories Limited's stock slid by -2.42%, showcasing an mediocre market day.
Dr. Reddy's Laboratories Limited's stock started trading at 1203.9 on 2025-04-25, climbed to 1210.5, fell to 1159.7, and closed -2.42% down at 1174.8, with 1286033 shares traded.
The peak price for the stock in the past 52 weeks is 7062.45, with the lowest price being 1087.9.
According to 38 analysts, the future price is anticipated to vary between 943.0 and 1723.0, with an average expected price of around 1321.8.

Technicals

Support and Resistance: The current price for DRREDDY is 1174.8, supported at 1119.6 with resistance at 1209.3. This indicates a trading range where 1119.6 might prevent further declines, while 1209.3 could hinder additional gains.
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Support/Resistance for DRREDDY


Aroon: The current reading of the AROON is neutral, offering no clear signals for a movement in either direction. This suggests that the market may be in a holding pattern, with no dominant trend in place.
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Aroon chart for Dr. Reddy's Laboratories Limited


Bol. Bands: The BOLL BANDS is currently neutral, showing no clear bias toward an upward or downward trend. This suggests that the market may be in a phase of indecision or consolidation.
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Bolinger Bands chart for Dr. Reddy's Laboratories Limited


Parabolic SAR: The PSAR for DRREDDY maintains a bullish outlook, establishing a crucial support level that may help maintain the current upward momentum. This strong support suggests that the market is poised to continue its upward trend, providing confidence in the ongoing bullish sentiment.
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Parabolic Stop and Reverse chart for Dr. Reddy's Laboratories Limited


Stochastic: The stochastic indicator shows bullish conditions, with the K-line positioned above the D-line and exceeding the 80 level. This setup suggests strong upward momentum, indicating that the market may continue to rise. Investors might view this as a favorable sign for continued growth.
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Stochastic chart for Dr. Reddy's Laboratories Limited


Tripple Moving Agerage: The alignment of the 20-50-100 period moving averages points to a bullish trend, though the slopes of the faster averages suggest a potential reversal. The weakening momentum in these shorter-term averages indicates that the current trend may not be sustainable for DRREDDY, raising the possibility of a change in direction.
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Tripple SMA chart for Dr. Reddy's Laboratories Limited


The technical analysis of a company's stock performance is valuable, but only when considered in conjunction with the company's fundamentals. These fundamentals, including financial strength, earnings growth, and leadership, provide a foundation for understanding market movements. Additionally, industry trends and competitive pressures play an important role. By integrating both fundamental and technical analysis, one can better evaluate the company's true potential and make more informed investment decisions.