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Technicals for Dr. Reddy's Laboratories Limited
By MusingTheNews
2025-08-15 20:32
Overall Technical outlook
Price Summary
Dr. Reddy's Laboratories Limited's stock began trading at 1255.1 on 2025-08-14, soared to 1266.0, dipped to 1250.2, and finished the day 0.42% up at 1260.4, with 1603933 shares exchanged. During the 52-week span, the stock hit a high of 7062.45 and a low of 1087.9. The expected price range is between 990.0 and 1660.0, with a mean anticipated price of 1284.0872, according to 39 analysts.
Technicals
Support and Resistance: The price for DRREDDY at 1260.4 is supported by the 1210.3 level and faces resistance at 1260.9. This range indicates key levels where the price may find buyers near 1210.3 and sellers near 1260.9, defining a trading range. Support/Resistance for DRREDDY
Aroon: The current reading of the AROON 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. Aroon chart for Dr. Reddy's Laboratories Limited
Bol. Bands: The BOLL BANDS is currently neutral, showing no clear bias toward a rising or falling trend. This lack of directional clarity suggests that the market may be in a holding pattern, awaiting further developments. Bolinger Bands chart for Dr. Reddy's Laboratories Limited
Parabolic SAR: The PSAR for DRREDDY has switched from a bearish to a bullish stance, indicating a potential trend change. If this move is confirmed by other indicators, it could signal a strong bullish trend. Traders should be vigilant in watching for further confirmation from other market signals. Parabolic Stop and Reverse chart for Dr. Reddy's Laboratories Limited
Stochastic: The STOCHASTIC is neutral, showing no definitive signals of a trend either upward or downward. This neutral stance indicates a period of market indecision, where the direction is unclear. Stochastic chart for Dr. Reddy's Laboratories Limited
Tripple Moving Agerage: The Tripple MOVING AVG is in a neutral stance, not pointing to a clear trend in either direction. This suggests that the market may be lacking strong momentum, making it difficult to predict the next move. Tripple SMA chart for Dr. Reddy's Laboratories Limited
Before focusing on a company's technical data, such as stock price movements, it's essential to analyze its fundamentals. These include factors like profitability, cash flow, and debt management. Additionally, considering the broader industry landscape—including market trends, competition, and regulatory changes—offers deeper insights. This comprehensive approach allows for a more meaningful interpretation of the company's technical indicators, providing a clearer picture of its financial health and future prospects.
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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