Overall Technical outlook

Price Summary

Dr. Reddy's Laboratories Limited's stock started the year at 1189.5, climbed to a high of 1195.0, fell to 1167.1, and closed -0.59% down at 1182.5, with 1207609 shares traded on 2026-02-02.
The stock reached its highest price of 1362.7 and lowest price of 1087.9 over the last 52 weeks.
The price projection is between 1024.0 and 1615.0, with an average expected price around 1308.9777, according to 39 analysts.

Technicals

Support and Resistance: The current price for DRREDDY is 1182.5, supported at 1157.2 with resistance at 1223.7. This indicates a trading range where 1157.2 might prevent further declines, while 1223.7 could hinder additional gains.
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Support/Resistance for DRREDDY


Aroon: The current state of the AROON 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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Aroon chart for Dr. Reddy's Laboratories Limited


Bol. Bands: The current state of the BOLL BANDS is neutral, with no clear trend direction indicated. This lack of directional bias suggests that the market may be in a phase of consolidation or uncertainty.
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Bolinger Bands chart for Dr. Reddy's Laboratories Limited


Parabolic SAR: The PSAR has reversed from bullish to bearish, signaling a potential trend reversal for DRREDDY. This shift could indicate a strong bearish trend if supported by other market indicators. Traders should be vigilant and wait for further signs of a downturn before making decisions.
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Parabolic Stop and Reverse chart for Dr. Reddy's Laboratories Limited


Stochastic: The current state of the STOCHASTIC 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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Stochastic chart for Dr. Reddy's Laboratories Limited


Tripple Moving Agerage: A bullish trend is signaled by the alignment of the 20-50-100 period moving averages, but the slopes of the faster averages suggest a potential reversal. The weakening momentum in the shorter-term averages hints that the current upward trend might be nearing its end, signaling the possibility of a shift in direction.
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Tripple SMA chart for Dr. Reddy's Laboratories Limited


A comprehensive approach to analyzing a company requires considering both its technical and fundamental aspects. The company's fundamentals, such as its earnings, growth prospects, and financial health, provide a strong foundation for understanding technical indicators. Additionally, examining the industry it operates in helps contextualize the company's position within the broader market. By integrating these factors, one can gain more valuable insights into the company's stock performance and potential investment opportunities.