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Technicals for Dr. Reddy's Laboratories Limited
By MusingTheNews
2025-12-15 20:32
Overall Technical outlook
Price Summary
On 2025-12-15, Dr. Reddy's Laboratories Limited's shares started at 1274.9, peaked at 1282.8, bottomed out at 1264.1, and ended 0.45% up at 1280.6, with 1078574 shares traded. The peak price for the stock in the past 52 weeks is 1389.45, with the lowest price being 1087.9. The future price of DRREDDY is anticipated to range from 990.0 to 1615.0, with an expected mean price of 1294.8751, according to the recommendations of 39 analysts.
Technicals
Support and Resistance: The price for DRREDDY at 1280.6 is supported by the 1260.9 level and faces resistance at 1283.9. This range indicates key levels where the price may find buyers near 1260.9 and sellers near 1283.9, defining a trading range. Support/Resistance for DRREDDY
Aroon: The AROON is in a neutral stance, with no clear signals for movement up or down. This neutral position indicates a potential period of consolidation or uncertainty in the market. Aroon chart for Dr. Reddy's Laboratories Limited
Bol. Bands: The BOLL BANDS is showing a neutral stance, with no definitive indication of an upward or downward trend for DRREDDY. This neutral position suggests a period of indecision in the market, making it difficult to predict the next move. Bolinger Bands chart for Dr. Reddy's Laboratories Limited
Parabolic SAR: The PSAR remains bearish for Dr. Reddy's Laboratories Limited, establishing a crucial resistance level that could hinder any bullish attempts. This ongoing bearish outlook suggests that the market may continue to face resistance, making it difficult for prices to rise. Parabolic Stop and Reverse chart for Dr. Reddy's Laboratories Limited
Stochastic: The current reading of the STOCHASTIC 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. Stochastic chart for Dr. Reddy's Laboratories Limited
Tripple Moving Agerage: The current reading of the Tripple MOVING AVG is neutral for DRREDDY, with no clear signals for an upward or downward trend. This indicates that the market may be in a state of uncertainty, with no dominant force driving the direction. Tripple SMA chart for Dr. Reddy's Laboratories Limited
To derive valuable insights from a company's technical performance, it is essential to first understand its fundamentals. This includes its financial health, business model, and market share. Equally important is the industry context, such as competition, consumer demand, and market trends. By examining these aspects together, investors can gain a more comprehensive view of how the company's stock behaves and whether it's aligned with its underlying value.
DISCLAIMER: We provide information and our musings based on events, but nothing on this site can be considered professional advice of any kind.
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