Overall Technical outlook

Price Summary

Dr. Reddy's Laboratories Limited's stock opened at 1360.0 on 2025-06-12, surged to a high of 1379.7, hit a low of 1343.5, and closed up 0.2% at 1362.7, with 2623913 shares traded.
Throughout the 52-week period, the stock hit a high of 7062.45 and a low of 1087.9.
38 analysts estimate that the future price of DRREDDY will fall between 902.0 and 1575.0, with an average price expectation of approximately 1271.1421.

Technicals


Aroon: The Aroon indicator continues to show a bullish trend, with Aroon Up remaining at the 100 level. This suggests strong upward momentum, but the trend should be examined further using other indicators to confirm its strength and potential for continuation for DRREDDY.
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Aroon chart for Dr. Reddy's Laboratories Limited


Bol. Bands: Dr. Reddy's Laboratories Limited's price is currently above the upper Bollinger Band, where it has remained since its last surge. This persistence above the band signals strong bullish momentum, potentially indicating an overbought condition. Traders might interpret this as a sign of continued strength, but they should also be aware that such a position could precede a pullback or a correction in the near future.
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Bolinger Bands chart for Dr. Reddy's Laboratories Limited


Parabolic SAR: The PSAR continues to indicate a bullish outlook, establishing a key support level that could sustain the market's upward trend. This support suggests that the bullish momentum is likely to persist, offering a foundation for further growth.
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Parabolic Stop and Reverse chart for Dr. Reddy's Laboratories Limited


Stochastic: The stochastic indicator reflects the K-line falling below the D-line, though it remains above 80, hinting at the possible start of a bearish price move. This suggests that the market may be losing its recent strength, with a potential decline ahead. Traders should be on the lookout for further evidence of a bearish trend for Dr. Reddy's Laboratories Limited.
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Stochastic chart for Dr. Reddy's Laboratories Limited


Tripple Moving Agerage: The current state of the Tripple MOVING AVG is neutral, providing no clear signals for either an upward or downward movement. This indicates that the market may be in a state of equilibrium, with no strong momentum in either direction.
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Tripple SMA chart for Dr. Reddy's Laboratories Limited


A thorough analysis of a company involves looking at both its fundamentals and technical data. The fundamentals, including revenue, profitability, and management quality, offer insight into the company's long-term value. Additionally, understanding the broader industry context, such as market competition and regulatory challenges, helps to better interpret the company's stock performance. By combining both fundamental and technical analysis, you can derive more meaningful inferences about the company's future prospects.