Overall Technical outlook

Price Summary

On 2025-05-29, Dr. Reddy's Laboratories Limited's stock started at 1245.4, soared to 1253.4, dropped to 1240.4, and finished the day 0.22% up at 1248.2, with a trading volume of 1791673 shares.
The top price for the stock in the last 52 weeks is 7062.45, with the bottom price being 1087.9.
Future price predictions suggest a range between 902.0 and 1575.0, with an average expected price of 1271.1421, as per 38 analysts.

Technicals

Support and Resistance: The price for DRREDDY at 1248.2 is supported by the 1217.35 level and faces resistance at 1255.15. This range indicates key levels where the price may find buyers near 1217.35 and sellers near 1255.15, defining a trading range.
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Support/Resistance for DRREDDY


Aroon: The current state of the AROON is neutral, offering no clear signals of movement in either direction. This suggests a potential pause in market activity, with no strong trend emerging at the moment.
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Aroon chart for Dr. Reddy's Laboratories Limited


Bol. Bands: The current state of the BOLL BANDS 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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Bolinger Bands chart for Dr. Reddy's Laboratories Limited


Parabolic SAR: The PSAR remains bullish, setting a critical support level that may help sustain the market's upward trend. This persistent bullish outlook suggests that the market is likely to continue climbing, with the support level 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 signals a bullish mood, with the K-line above both the D-line and the 80 threshold. This configuration indicates strong upward momentum, suggesting that the market may continue its upward trend. Traders could consider this a positive indication of strength for DRREDDY.
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Stochastic chart for Dr. Reddy's Laboratories Limited


Tripple Moving Agerage: The Tripple MOVING AVG is currently in a neutral position for Dr. Reddy's Laboratories Limited, offering no clear guidance on whether the market is likely to move up or down. This neutral stance suggests that further observation may be necessary before a trend becomes apparent.
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Tripple SMA chart for Dr. Reddy's Laboratories Limited


Before diving into the technical aspects of a company, such as stock price charts or volume trends, it's important to understand its fundamentals. These fundamentals include financial stability, growth potential, and strategic positioning. Additionally, knowing the broader industry landscape, including competitive pressures and regulatory factors, offers deeper insights. When this fundamental analysis is combined with technical indicators, it leads to more informed, accurate evaluations of the company's overall performance.