Tag Archives: Dr Reddy’s Lab

Dr. Reddy Outlook for the Week (Nov 20, 2017 – Nov 24, 2017)

EquityPandit’s Outlook for Dr. Reddy for the week  (Nov 20, 2017 – Nov 24, 2017) :

DR. REDDY:

 

DRREDDY

 

Dr Reddy closed the week on negative note losing around 1.00%.

As we have mentioned last week, that support for the stock lies in the zone of 2300 to 2350 where break out levels and short term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 2200 to 2250 where long term Fibonacci levels are lying. During the week the stock manages to hit a low of 2293 and close the week around the levels of 2322.

Support for the stock lies in the zone of 2250 to 2280 where break out levels are lying. If the stock manages to close below these levels then the stock can drift to the levels of 2050 to 2100 from where the stock broke out in the month of September-2017.

Resistance for the stock lies in the zone of 2350 to 2400 where short & medium term moving averages and Fibonacci levels are lying. If the stock manages to close above these levels then the stock can move to the levels of 2500 to 2520 where the stock has opened gap down and 200 Daily moving averages are lying.

Broad range for the stock is seen from 2200 – 2230 on downside & 2450 – 2500 on upside.

Dr. Reddy Outlook for the Week (Nov 13, 2017 – Nov 17, 2017)

EquityPandit’s Outlook for Dr. Reddy for the week  (Nov 13, 2017 – Nov 17, 2017) :

DR. REDDY:

 

DRREDDY

 

Dr Reddy closed the week on negative note losing around 2.90%.

As we have mentioned last week, that support for the stock lies in the zone of 2300 to 2350 where break out levels are lying. If the stock manages to close below these levels then the stock can drift to the levels of 2200 to 2250 where long term Fibonacci levels are lying. During the week the stock manages to hit a low of 2337 and close the week around the levels of 2348.

Support for the stock lies in the zone of 2300 to 2350 where break out levels and short term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 2200 to 2250 where long term Fibonacci levels are lying.

Minor resistance for the stock lies in the zone of 2400 to 2450. Resistance for the stock lies in the zone of 2500 to 2520 where the stock has opened gap down. If the stock manages to close above these levels then the stock can move to the levels of 2580 to 2600 where 200 daily moving averages are lying.

Broad range for the stock is seen from 2200 – 2230 on downside & 2500 – 2550 on upside.

Dr. Reddy Outlook for the Week (Nov 06, 2017 – Nov 10, 2017)

EquityPandit’s Outlook for Dr. Reddy for the week  (Nov 06, 2017 – Nov 10, 2017) :

DR. REDDY:

 

DRREDDY

 

Dr Reddy closed the week on positive note gaining around 1.00%.

As we have mentioned last week, that support for the stock lies in the zone of 2300 to 2350 where break out levels are lying. If the stock manages to close below these levels then the stock can drift to the levels of 2200 to 2250 where long term Fibonacci levels are lying. During the week the stock manages to hit a low of 2348 and close the week around the levels of 2419.

Support for the stock lies in the zone of 2300 to 2350 where break out levels are lying. If the stock manages to close below these levels then the stock can drift to the levels of 2200 to 2250 where long term Fibonacci levels are lying.

Minor resistance for the stock lies in the zone of 2400 to 2450. Resistance for the stock lies in the zone of 2500 to 2520 where the stock has opened gap down. If the stock manages to close above these levels then the stock can move to the levels of 2580 to 2600 where 200 daily moving averages are lying.

Broad range for the stock is seen from 2200 – 2230 on downside & 2600 – 2650 on upside.

Dr. Reddy Outlook for the Week (Oct 30, 2017 – Nov 03, 2017)

EquityPandit’s Outlook for Dr. Reddy for the week  (Oct 30, 2017 – Nov 03, 2017) :

DR. REDDY:

 

DRREDDY

 

Dr Reddy closed the week on positive note gaining around 0.90%.

As we have mentioned last week, that support for the stock lies in the zone of 2300 to 2350 where break out levels are lying. If the stock manages to close below these levels then the stock can drift to the levels of 2200 to 2250 where long term Fibonacci levels are lying. During the week the stock manages to hit a low of 2315 and close the week around the levels of 2395.

Support for the stock lies in the zone of 2300 to 2350 where break out levels are lying. If the stock manages to close below these levels then the stock can drift to the levels of 2200 to 2250 where long term Fibonacci levels are lying.

Minor resistance for the stock lies in the zone of 2400 to 2450. Resistance for the stock lies in the zone of 2500 to 2520 where the stock has opened gap down. If the stock manages to close above these levels then the stock can move to the levels of 2580 to 2600 where 200 daily moving averages are lying.

Broad range for the stock is seen from 2200 – 2230 on downside & 2600 – 2650 on upside.

Dr. Reddy Outlook for the Week (Oct 23, 2017 – Oct 27, 2017)

EquityPandit’s Outlook for Dr. Reddy for the week  (Oct 23, 2017 – Oct 27, 2017) :

DR. REDDY:

 

DRREDDY

 

Dr Reddy closed the week on positive note gaining around 0.80%.

As we have mentioned last week, that minor resistance for the stock lies in the zone of 2400 to 2450. Resistance for the stock lies in the zone of 2500 to 2520 where the stock has opened gap down. If the stock manages to close above these levels then the stock can move to the levels of 2600 to 2650 where 200 daily moving averages are lying. During the week the stock manages to hit a high of 2411 and close the week around the levels of 2373.

Support for the stock lies in the zone of 2300 to 2350 where break out levels are lying. If the stock manages to close below these levels then the stock can drift to the levels of 2200 to 2250 where long term Fibonacci levels are lying.

Minor resistance for the stock lies in the zone of 2400 to 2450. Resistance for the stock lies in the zone of 2500 to 2520 where the stock has opened gap down. If the stock manages to close above these levels then the stock can move to the levels of 2600 to 2650 where 200 daily moving averages are lying.

Broad range for the stock is seen from 2200 – 2230 on downside & 2500 – 2550 on upside.

Dr. Reddy Outlook for the Week (Oct 16, 2017 – Oct 19, 2017)

EquityPandit’s Outlook for Dr. Reddy for the week  (Oct 16, 2017 – Oct 19, 2017) :

DR. REDDY:

 

DRREDDY

 

Dr Reddy closed the week on negative note losing around 0.90%.

As we have mentioned last week, that minor resistance for the stock lies in the zone of 2400 to 2450. Resistance for the stock lies in the zone of 2500 to 2520 where the stock has opened gap down. If the stock manages to close above these levels then the stock can move to the levels of 2600 to 2650 where 200 daily moving averages are lying. During the week the stock manages to hit a high of 2433 and close the week around the levels of 2354.

Support for the stock lies in the zone of 2300 to 2350 where break out levels are lying. If the stock manages to close below these levels then the stock can drift to the levels of 2200 to 2250 where long term Fibonacci levels are lying.

Minor resistance for the stock lies in the zone of 2400 to 2450. Resistance for the stock lies in the zone of 2500 to 2520 where the stock has opened gap down. If the stock manages to close above these levels then the stock can move to the levels of 2600 to 2650 where 200 daily moving averages are lying.

Broad range for the stock is seen from 2200 – 2230 on downside & 2500 – 2550 on upside.

Dr. Reddy Outlook for the Week (Oct 09, 2017 – Oct 13, 2017)

EquityPandit’s Outlook for Dr. Reddy for the week  (Oct 09, 2017 – Oct 13, 2017) :

DR. REDDY:

 

DRREDDY

 

Dr Reddy closed the week on negative note losing around 2.00%.

As we have mentioned last week, that support for the stock lies in the zone of 2300 to 2350 where break out levels are lying. If the stock manages to close below these levels then the stock can drift to the levels of 2200 to 2250 where long term Fibonacci levels are lying. During the week the stock manages to hit a low of 2320 and close the week around the levels of 2376.

Support for the stock lies in the zone of 2300 to 2350 where break out levels are lying. If the stock manages to close below these levels then the stock can drift to the levels of 2200 to 2250 where long term Fibonacci levels are lying.

Minor resistance for the stock lies in the zone of 2400 to 2450. Resistance for the stock lies in the zone of 2500 to 2520 where the stock has opened gap down. If the stock manages to close above these levels then the stock can move to the levels of 2600 to 2650 where 200 daily moving averages are lying.

Broad range for the stock is seen from 2200 – 2230 on downside & 2500 – 2550 on upside.

Dr. Reddy Outlook for the Week (Oct 03, 2017 – Oct 06, 2017)

EquityPandit’s Outlook for Dr. Reddy for the week  (Oct 03, 2017 – Oct 06, 2017) :

DR. REDDY:

 

DRREDDY

 

Dr Reddy closed the week on negative note losing around 5.20%.

As we have mentioned last week, that minor support for the stock lies in the zone of 2400 to 2450. Support for the stock lies in the zone of 2300 to 2350 where short term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 2200 to 2250 where long term Fibonacci levels are lying. During the week the stock manages to hit a low of 2272 and close the week around the levels of 2329.

Support for the stock lies in the zone of 2300 to 2350 where break out levels are lying. If the stock manages to close below these levels then the stock can drift to the levels of 2200 to 2250 where long term Fibonacci levels are lying.

Minor resistance for the stock lies in the zone of 2400 to 2450. Resistance for the stock lies in the zone of 2550 to 2600 from where the stock has opened gap down. If the stock manages to close above these levels then the stock can move to the levels of 2650 to 2700 where 200 daily moving averages are lying.

Broad range for the stock is seen from 2200 – 2230 on downside & 2500 – 2550 on upside.

Dr. Reddy Outlook for the Week (Sep 25, 2017 – Sep 29, 2017)

EquityPandit’s Outlook for Dr. Reddy for the week  (Sep 25, 2017 – Sep 29, 2017) :

DR. REDDY:

 

DRREDDY

 

Dr Reddy closed the week on positive note gaining around 11.10%.

As we have mentioned last week, that minor support for the stock lies in the zone of 2150 to 2170. Support for the stock lies in the zone of 2050 to 2100 where break out levels for the stock is lying. If the stock manages to close below these levels then the stock can drift to the levels of 1900 to 1930 where long term Fibonacci levels are lying. During the week the stock manages to hit a low of 2176 and close the week around the levels of 2458.

Minor support for the stock lies in the zone of 2400 to 2450. Support for the stock lies in the zone of 2300 to 2350 where short term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 2200 to 2250 where long term Fibonacci levels are lying.

Resistance for the stock lies in the zone of 2550 to 2600 from where the stock has opened gap down. If the stock manages to close above these levels then the stock can move to the levels of 2650 to 2700 where 200 daily moving averages are lying.

Broad range for the stock is seen from 2300 – 2330 on downside & 2600 – 2650 on upside.

Dr. Reddy Outlook for the Week (Sep 18, 2017 – Sep 22, 2017)

EquityPandit’s Outlook for Dr. Reddy for the week  (Sep 18, 2017 – Sep 22, 2017) :

DR. REDDY:

 

DRREDDY

 

Dr Reddy closed the week on positive note gaining around 2.20%.

As we have mentioned last week, that minor support for the stock lies in the zone of 2100 to 2150. Support for the stock lies in the zone of 2000 to 2030 where break out levels for the stock is lying. If the stock manages to close below these levels then the stock can drift to the levels of 1900 to 1930 where long term Fibonacci levels are lying. During the week the stock manages to hit a low of 2135 and close the week around the levels of 2211.

Minor support for the stock lies in the zone of 2150 to 2170. Support for the stock lies in the zone of 2050 to 2100 where break out levels for the stock is lying. If the stock manages to close below these levels then the stock can drift to the levels of 1900 to 1930 where long term Fibonacci levels are lying.

Resistance for the stock lies in the zone of 2200 to 2230 from where the stock broke down. If the stock manages to close above these levels then the stock can move to the levels of 2300 to 2330 where short term moving averages are lying.

Broad range for the stock is seen from 2100 – 2130 on downside & 2330 – 2350 on upside.

Dr. Reddy Outlook for the Week (Sep 11, 2017 – Sep 15, 2017)

EquityPandit’s Outlook for Dr. Reddy for the week  (Sep 11, 2017 – Sep 15, 2017) :

DR. REDDY:

 

DRREDDY

 

Dr Reddy closed the week on negative note losing around 2.50%.

As we have mentioned last week, that resistance for the stock lies in the zone of 2200 to 2230 from where the stock broke down. If the stock manages to close above these levels then the stock can move to the levels of 2370 to 2400 where Fibonacci level and short term moving averages are lying. During the week the stock manages to hit a high of 2236 and close the week around the levels of 2162.

Minor support for the stock lies in the zone of 2100 to 2150. Support for the stock lies in the zone of 2000 to 2030 where break out levels for the stock is lying. If the stock manages to close below these levels then the stock can drift to the levels of 1900 to 1930 where long term Fibonacci levels are lying.

Resistance for the stock lies in the zone of 2200 to 2230 from where the stock broke down. If the stock manages to close above these levels then the stock can move to the levels of 2370 to 2400 where Fibonacci level and short term moving averages are lying.

Broad range for the stock is seen from 2000 – 2050 on downside & 2350 – 2400 on upside.

Dr. Reddy Outlook for the Week (Sep 04, 2017 – Sep 08, 2017)

EquityPandit’s Outlook for Dr. Reddy for the week  (Sep 04, 2017 – Sep 08, 2017) :

DR. REDDY:

 

DRREDDY

 

Dr Reddy closed the week on positive note gaining around 6.20%.

As we have mentioned last week, that resistance for the stock lies in the zone of 2200 to 2230 from where the stock broke down. If the stock manages to close above these levels then the stock can move to the levels of 2370 to 2400 where Fibonacci level is lying. During the week the stock manages to hit a high of 2233 and close the week around the levels of 2218.

Minor support for the stock lies in the zone of 2100 to 2150. Support for the stock lies in the zone of 2000 to 2030 where break out levels for the stock is lying. If the stock manages to close below these levels then the stock can drift to the levels of 1900 to 1930 where long term Fibonacci levels are lying.

Resistance for the stock lies in the zone of 2200 to 2230 from where the stock broke down. If the stock manages to close above these levels then the stock can move to the levels of 2370 to 2400 where Fibonacci level and short term moving averages are lying.

Broad range for the stock is seen from 2000 – 2050 on downside & 2350 – 2400 on upside.

Dr. Reddy Outlook for the Week (Aug 28, 2017 – Sep 01, 2017)

EquityPandit’s Outlook for Dr. Reddy for the week  (Aug 28, 2017 – Sep 01, 2017) :

DR. REDDY:

 

DRREDDY

 

Dr Reddy closed the week on positive note gaining around 5.40%.

As we have mentioned last week, that support for the stock lies in the zone of 1900 to 1930 where long term Fibonacci levels are lying. If the stock manages to close below these levels then the stock can witness a freefall and the stock can drift to the levels of 1800 to 1820 from where the stock broke out of 2 years of consolidation from the year 2010 to 2012. During the week the stock manages to hit a low of 1921 and close the week around the levels of 2088.

Minor support for the stock lies in the zone of 2000 to 2030. Support for the stock lies in the zone of 1900 to 1930 where long term Fibonacci levels are lying. If the stock manages to close below these levels then the stock can witness a freefall and the stock can drift to the levels of 1800 to 1820 from where the stock broke out of 2 years of consolidation from the year 2010 to 2012.

Resistance for the stock lies in the zone of 2200 to 2230 from where the stock broke down. If the stock manages to close above these levels then the stock can move to the levels of 2370 to 2400 where Fibonacci level is lying.

Broad range for the stock is seen from 1950 – 2000 on downside & 2200 – 2250 on upside.

Dr. Reddy Outlook for the Week (Aug 21, 2017 – Aug 25, 2017)

EquityPandit’s Outlook for Dr. Reddy for the week  (Aug 21, 2017 – Aug 25, 2017) :

DR. REDDY:

 

DRREDDY

 

Dr Reddy closed the week on negative note losing around 1.40%.

As we have mentioned last week, that minor resistance for the stock lies in the zone of 2050 to 2070. Resistance for the stock lies in the zone of 2200 to 2230 from where the stock broke down. If the stock manages to close above these levels then the stock can move to the levels of 2370 to 2400 where Fibonacci level is lying. During the week the stock manages to hit a high of 2040 and close the week around the levels of 1982.

Support for the stock lies in the zone of 1900 to 1930 where long term Fibonacci levels are lying. If the stock manages to close below these levels then the stock can witness a freefall and the stock can drift to the levels of 1800 to 1820 from where the stock broke out of 2 years of consolidation from the year 2010 to 2012.

Minor resistance for the stock lies in the zone of 2050 to 2070. Resistance for the stock lies in the zone of 2200 to 2230 from where the stock broke down. If the stock manages to close above these levels then the stock can move to the levels of 2370 to 2400 where Fibonacci level is lying.

Broad range for the stock is seen from 1800 – 1850 on downside & 2200 – 2250 on upside.

Dr. Reddy Outlook for the Week (Aug 14, 2017 – Aug 18, 2017)

EquityPandit’s Outlook for Dr. Reddy for the week  (Aug 14, 2017 – Aug 18, 2017) :

DR. REDDY:

 

DRREDDY

 

Dr Reddy closed the week on negative note losing around 10.20%.

As we have mentioned last week, that support for the stock lies in the zone of 2200 to 2230 where the stock has formed a bottom in the month of May-2014. If the stock manages to close below these levels then the stock can witness a freefall and the stock can drift to the levels of 1900 to 1930 where long term Fibonacci levels are lying. During the week the stock manages to hit a low of 1901 and close the week around the levels of 2011.

Support for the stock lies in the zone of 1900 to 1930 where long term Fibonacci levels are lying. If the stock manages to close below these levels then the stock can witness a freefall and the stock can drift to the levels of 1800 to 1820 from where the stock broke out of 2 years of consolidation from the year 2010 to 2012.

Minor resistance for the stock lies in the zone of 2050 to 2070. Resistance for the stock lies in the zone of 2200 to 2230 from where the stock broke down. If the stock manages to close above these levels then the stock can move to the levels of 2370 to 2400 where Fibonacci level is lying.

Broad range for the stock is seen from 1800 – 1850 on downside & 2200 – 2250 on upside.

Dr. Reddy Outlook for the Week (Aug 07, 2017 – Aug 11, 2017)

EquityPandit’s Outlook for Dr. Reddy for the week  (Aug 07, 2017 – Aug 11, 2017) :

DR. REDDY:

 

DRREDDY

 

Dr Reddy closed the week on negative note losing around 9.10%.

As we have mentioned last week, that support for the stock lies in the zone of 2370 to 2400 where the stock has formed a bottom in the month of May-2017. If the stock manages to close below these levels then the stock can drift to the levels of 2300 to 2330. During the week the stock manages to hit a low of 2230 and close the week around the levels of 2240.

Support for the stock lies in the zone of 2200 to 2230 where the stock has formed a bottom in the month of May-2014. If the stock manages to close below these levels then the stock can witness a freefall and the stock can drift to the levels of 1900 to 1930 where long term Fibonacci levels are lying.

Minor resistance for the stock lies in the zone of 2300 to 2310. Resistance for the stock lies in the zone of 2350 to 2370 where Fibonacci levels and bottom for the month of May-2017 are lying. If the stock manages to close above these levels then the stock can move to the levels of 2450 to 2500 where the stock has opened gap down.

Broad range for the stock is seen from 2000 – 2050 on downside & 2350 – 2400 on upside.

Dr. Reddy Outlook for the Week (July 31, 2017 – Aug 04, 2017)

EquityPandit’s Outlook for Dr. Reddy for the week  (July 31, 2017 – Aug 04, 2017) :

DR. REDDY:

 

DRREDDY

 

Dr Reddy closed the week on negative note losing around 10.80%.

As we have mentioned last week, that resistance for the stock lies in the zone of 2750 to 2780 where the stock has formed a double top pattern. If the stock manages to close above these levels then the stock can move to the levels of 2820 to 2850 where Fibonacci levels are lying. During the week the stock manages to hit a high of 2787 and close the week around the levels of 2465.

Support for the stock lies in the zone of 2370 to 2400 where the stock has formed a bottom in the month of May-2017. If the stock manages to close below these levels then the stock can drift to the levels of 2300 to 2330.

Resistance for the stock lies in the zone of 2480 to 2500 where the stock has opened gap down. If the stock manages to close above these levels then the stock can move to the levels of 2580 to 2600.

Broad range for the stock is seen from 2350 – 2380 on downside & 2580 – 2600 on upside.

Dr. Reddy Outlook for the Week (July 24, 2017 – July 28, 2017)

EquityPandit’s Outlook for Dr. Reddy for the week  (July 24, 2017 – July 28, 2017) :

DR. REDDY:

 

DRREDDY

 

Dr Reddy closed the week on positive note gaining around 2.40%.

As we have mentioned last week that minor support for the stock lies in the zone of 2670 to 2680. Support for the stock lies in the zone of 2610 to 2640 where Fibonacci levels and short term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 2550 to 2580 where break out levels for the stock is lying. During the week the stock manages to hit a low of 2682 and close the week around the levels of 2762.

Minor support for the stock lies in the zone of 2700 to 2730. Support for the stock lies in the zone of 2630 to 2650 where Fibonacci levels and short and medium term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 2550 to 2580 where break out levels for the stock is lying.

Resistance for the stock lies in the zone of 2750 to 2780 where the stock has formed a double top pattern. If the stock manages to close above these levels then the stock can move to the levels of 2820 to 2850 where Fibonacci levels are lying.

Broad range for the stock is seen from 2650 – 2680 on downside & 2820 – 2850 on upside.

Dr. Reddy Outlook for the Week (July 17, 2017 – July 21, 2017)

EquityPandit’s Outlook for Dr. Reddy for the week  (July 17, 2017 – July 21, 2017) :

DR. REDDY:

 

DRREDDY

 

Dr Reddy closed the week on absolutely flat note.

As we have mentioned last week that minor support for the stock lies in the zone of 2670 to 2680. Support for the stock lies in the zone of 2610 to 2640 where Fibonacci levels and short term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 2550 to 2580 where break out levels for the stock is lying. During the week the stock manages to hit a low of 2669 and close the week around the levels of 2703.

Minor support for the stock lies in the zone of 2670 to 2680. Support for the stock lies in the zone of 2610 to 2640 where Fibonacci levels and short term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 2550 to 2580 where break out levels for the stock is lying.

Resistance for the stock lies in the zone of 2730 to 2760 where the stock has formed a double top pattern. If the stock manages to close above these levels then the stock can move to the levels of 2820 to 2850 where Fibonacci levels are lying.

Broad range for the stock is seen from 2580 – 2600 on downside & 2800 – 2820 on upside.

Dr. Reddy Outlook for the Week (July 10, 2017 – July 14, 2017)

EquityPandit’s Outlook for Dr. Reddy for the week  (July 10, 2017 – July 14, 2017) :

DR. REDDY:

 

DRREDDY

 

Dr Reddy closed the week on positive note gaining around 0.60%.

As we have mentioned last week that minor support for the stock lies in the zone of 2660 to 2670. Support for the stock lies in the zone of 2610 to 2640 where Fibonacci levels and short term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 2550 to 2580 where break out levels for the stock is lying. During the week the stock manages to hit a low of 2610 and close the week around the levels of 2705.

Minor support for the stock lies in the zone of 2670 to 2680. Support for the stock lies in the zone of 2610 to 2640 where Fibonacci levels and short term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 2550 to 2580 where break out levels for the stock is lying.

Resistance for the stock lies in the zone of 2730 to 2760 where the stock has formed a double top pattern. If the stock manages to close above these levels then the stock can move to the levels of 2820 to 2850 where Fibonacci levels are lying.

Broad range for the stock is seen from 2580 – 2600 on downside & 2800 – 2820 on upside.

Dr. Reddy Outlook for the Week (July 03, 2017 – July 07, 2017)

EquityPandit’s Outlook for Dr. Reddy for the week  (July 03, 2017 – July 07, 2017) :

DR. REDDY:

 

DRREDDY

 

Dr Reddy closed the week on positive note gaining around 1.70%.

As we have mentioned last week that support for the stock lies in the zone of 2610 to 2640 where Fibonacci levels and short term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 2550 to 2580 where break out levels for the stock is lying. Long term support for the stock lies in the zone of 2200 to 2300 where the stock has taken support in the month of May-2014. During the week the stock manages to hit a low of 2625 and close the week around the levels of 2690.

Minor support for the stock lies in the zone of 2660 to 2670. Support for the stock lies in the zone of 2610 to 2640 where Fibonacci levels and short term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 2550 to 2580 where break out levels for the stock is lying.

Resistance for the stock lies in the zone of 2730 to 2760 where the stock has formed a double top pattern. If the stock manages to close above these levels then the stock can move to the levels of 2820 to 2850 where Fibonacci levels are lying.

Broad range for the stock is seen from 2580 – 2600 on downside & 2800 – 2820 on upside.

Dr. Reddy Outlook for the Week (June 27, 2017 – June 30, 2017)

EquityPandit’s Outlook for Dr. Reddy for the week  (June 27, 2017 – June 30, 2017) :

DR. REDDY:

 

DRREDDY

 

Dr Reddy closed the week on negative note losing around 1.40%.

As we have mentioned last week that support for the stock lies in the zone of 2610 to 2640 where Fibonacci levels and short term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 2550 to 2580 where break out levels for the stock is lying. Long term support for the stock lies in the zone of 2200 to 2300 where the stock has taken support in the month of May-2014. During the week the stock manages to hit a low of 2615 and close the week around the levels of 2644.

Support for the stock lies in the zone of 2610 to 2640 where Fibonacci levels and short term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 2550 to 2580 where break out levels for the stock is lying. Long term support for the stock lies in the zone of 2200 to 2300 where the stock has taken support in the month of May-2014.

Minor resistance for the stock lies in the zone of 2680 to 2700. Resistance for the stock lies in the zone of 2730 to 2760 where the stock has formed a double top pattern. If the stock manages to close above these levels then the stock can move to the levels of 2820 to 2850 where Fibonacci levels are lying.

Broad range for the stock is seen from 2500 – 2550 on downside & 2750 – 2800 on upside.

Dr. Reddy Outlook for the Week (June 19, 2017 – June 23, 2017)

EquityPandit’s Outlook for Dr. Reddy for the week  (June 19, 2017 – June 23, 2017) :

DR. REDDY:

 

DRREDDY

 

Dr Reddy closed the week on positive note gaining around 2.00%.

As we have mentioned last week that resistance for the stock lies in the zone of 2640 to 2660 where Fibonacci levels are lying. If the stock manages to close above these levels then the stock can move to the levels of 2730 to 2760 where the stock has formed a double top pattern. During the week the stock manages to hit a high of 2721 and close the week around the levels of 2683.

Support for the stock lies in the zone of 2610 to 2640 where Fibonacci levels and short term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 2550 to 2580 where break out levels for the stock is lying. Long term support for the stock lies in the zone of 2200 to 2300 where the stock has taken support in the month of May-2014.

Resistance for the stock lies in the zone of 2730 to 2760 where the stock has formed a double top pattern. If the stock manages to close above these levels then the stock can move to the levels of 2820 to 2850 where Fibonacci levels are lying.

Broad range for the stock is seen from 2550 – 2580 on downside & 2760 – 2780 on upside.

Dr. Reddy Outlook for the Week (June 12, 2017 – June 16, 2017)

EquityPandit’s Outlook for Dr. Reddy for the week  (June 12, 2017 – June 16, 2017) :

DR. REDDY:

 

DRREDDY

 

Dr Reddy closed the week on positive note gaining around 2.90%.

As we have mentioned last week that resistance for the stock lies in the zone of 2550 to 2570 from where the stock broke down. If the stock manages to close above these levels then the stock can move to the levels of 2620 to 2650 where Fibonacci levels are lying. During the week the stock manages to hit a high of 2666 and close the week around the levels of 2629.

Minor support for the stock lies in the zone of 2550 to 2570. Support for the stock lies in the zone of 2370 to 2400 where long term Fibonacci levels are lying. Long term support for the stock lies in the zone of 2200 to 2300 where the stock has taken support in the month of May-2014. If the stock manages to close below these levels then the stock can drift to the levels of 1800 to 1900.

Resistance for the stock lies in the zone of 2640 to 2660 where Fibonacci levels are lying. If the stock manages to close above these levels then the stock can move to the levels of 2730 to 2760 where the stock has formed a double top pattern.

Broad range for the stock is seen from 2500 – 2530 on downside & 2730 – 2760 on upside.

Dr. Reddy Outlook for the Week (June 05, 2017 – June 09, 2017)

EquityPandit’s Outlook for Dr. Reddy for the week  (June 05, 2017 – June 09, 2017) :

DR. REDDY:

 

DRREDDY

 

Dr Reddy closed the week on positive note gaining around 5.80%.

As we have mentioned last week that support for the stock lies in the zone of 2370 to 2400 where long term Fibonacci levels are lying. Long term support for the stock lies in the zone of 2200 to 2300 where the stock has taken support in the month of May-2014. If the stock manages to close below these levels then the stock can drift to the levels of 1800 to 1900. During the week the stock manages to hit a low of 2380 and close the week around the levels of 2555.

Minor support for the stock lies in the zone of 2480 to 2500. Support for the stock lies in the zone of 2370 to 2400 where long term Fibonacci levels are lying. Long term support for the stock lies in the zone of 2200 to 2300 where the stock has taken support in the month of May-2014. If the stock manages to close below these levels then the stock can drift to the levels of 1800 to 1900.

Resistance for the stock lies in the zone of 2550 to 2570 from where the stock broke down. If the stock manages to close above these levels then the stock can move to the levels of 2620 to 2650 where Fibonacci levels are lying.

Broad range for the stock is seen from 2400 – 2450 on downside & 2650 – 2680 on upside.

Dr. Reddy Outlook for the Week (May 29, 2017 – June 02, 2017)

EquityPandit’s Outlook for Dr. Reddy for the week  (May 29, 2017 – June 02, 2017) :

DR. REDDY:

 

DRREDDY

 

Dr Reddy closed the week on negative note losing around 9.10%.

As we have mentioned last week that support for the stock lies in the zone of 2620 to 2640. If the stock manages to close below these levels then the stock can drift to the levels of 2520 to 2560 where the stock has formed a short term bottom. Long term support for the stock lies in the zone of 2200 to 2300 where the stock has taken support in the month of May-2014. During the week the stock manages to hit a low of 2398 and close the week around the levels of 2414.

Support for the stock lies in the zone of 2370 to 2400 where long term Fibonacci levels are lying. Long term support for the stock lies in the zone of 2200 to 2300 where the stock has taken support in the month of May-2014. If the stock manages to close below these levels then the stock can drift to the levels of 1800 to 1900.

Resistance for the stock lies in the zone of 2520 to 2550 from where the stock broke down. If the stock manages to close above these levels then the stock can move to the levels of 2600 to 2640 where Fibonacci levels are lying.

Broad range for the stock is seen from 2250 – 2300 on downside & 2550 – 2580 on upside.

Dr. Reddy Outlook for the Week (May 22, 2017 – May 26, 2017)

EquityPandit’s Outlook for Dr. Reddy for the week  (May 22, 2017 – May 26, 2017) :

DR. REDDY:

 

DRREDDY

 

Dr Reddy closed the week on positive note gaining around 2.90%.

As we have mentioned last week that minor resistance for the stock lies in the zone of 2600 to 2620. Resistance for the stock lies in the zone of 2660 to 2700 from where the stock broke down. If the stock manages to close above these levels then the stock can move to the levels of 2750 to 2780 where the stock opened gap down on 09/03/2017. During the week the stock manages to hit a high of 2760 and close the week around the levels of 2656.

Support for the stock lies in the zone of 2620 to 2640. If the stock manages to close below these levels then the stock can drift to the levels of 2520 to 2560 where the stock has formed a short term bottom. Long term support for the stock lies in the zone of 2200 to 2300 where the stock has taken support in the month of May-2014.

Resistance for the stock lies in the zone of 2660 to 2700 from where the stock broke down. If the stock manages to close above these levels then the stock can move to the levels of 2750 to 2780 where the stock opened gap down on 09/03/2017.

Broad range for the stock is seen from 2550 – 2580 on downside & 2750 – 2780 on upside.

Dr. Reddy Outlook for the Week (May 15, 2017 – May 19, 2017)

EquityPandit’s Outlook for Dr. Reddy for the week  (May 15, 2017 – May 19, 2017) :

DR. REDDY:

 

DRREDDY

 

Dr Reddy closed the week on negative note losing around 0.80%.

As we have mentioned last week that as stock is trading below major support zone, no support for the stock is visible. Support for the stock lies in the zone of 2520 to 2560. Long term support for the stock lies in the zone of 2200 to 2300 where the stock has taken support in the month of May-2014. During the week the stock manages to hit a low of 2522 and close the week around the levels of 2581.

As stock is trading below major support zone, no support for the stock is visible. Support for the stock lies in the zone of 2520 to 2560. Long term support for the stock lies in the zone of 2200 to 2300 where the stock has taken support in the month of May-2014.

Minor resistance for the stock lies in the zone of 2600 to 2620. Resistance for the stock lies in the zone of 2660 to 2700 from where the stock broke down. If the stock manages to close above these levels then the stock can move to the levels of 2750 to 2780 where the stock opened gap down on 09/03/2017.

Broad range for the stock is seen from 2500 – 2530 on downside & 2700 – 2730 on upside.

Dr. Reddy Outlook for the Week (May 08, 2017 – May 12, 2017)

EquityPandit’s Outlook for Dr. Reddy for the week  (May 08, 2017 – May 12, 2017) :

DR. REDDY:

 

DRREDDY

 

Dr Reddy closed the week on absolutely flat note.

As we have mentioned last week that minor support for the stock lies in the zone of 2550 to 2600. As stock is trading below major support zone, no support for the stock is visible. Support for the stock lies in the zone of 2520 to 2560. Long term support for the stock lies in the zone of 2200 to 2300 where the stock has taken support in the month of May-2014. During the week the stock manages to hit a low of 2566 and close the week around the levels of 2603.

As stock is trading below major support zone, no support for the stock is visible. Support for the stock lies in the zone of 2520 to 2560. Long term support for the stock lies in the zone of 2200 to 2300 where the stock has taken support in the month of May-2014.

Resistance for the stock lies in the zone of 2660 to 2700 from where the stock broke down. If the stock manages to close above these levels then the stock can move to the levels of 2750 to 2780 where the stock opened gap down on 09/03/2017.

Broad range for the stock is seen from 2500 – 2530 on downside & 2700 – 2730 on upside.

Dr. Reddy Outlook for the Week (May 02, 2017 – May 05, 2017)

EquityPandit’s Outlook for Dr. Reddy for the week  (May 02, 2017 – May 05, 2017) :

DR. REDDY:

 

DRREDDY

 

Dr Reddy closed the week on negative note losing around 0.40%.

As we have mentioned last week that resistance for the stock lies in the zone of 2660 to 2700 from where the stock broke down. If the stock manages to close above these levels then the stock can move to the levels of 2750 to 2780 where the stock opened gap down on 09/03/2017. During the week the stock manages to hit a high of 2652 and close the week around the levels of 2599.

Minor support for the stock lies in the zone of 2550 to 2600. As stock is trading below major support zone, no support for the stock is visible. Support for the stock lies in the zone of 2520 to 2560. Long term support for the stock lies in the zone of 2200 to 2300 where the stock has taken support in the month of May-2014.

Resistance for the stock lies in the zone of 2660 to 2700 from where the stock broke down. If the stock manages to close above these levels then the stock can move to the levels of 2750 to 2780 where the stock opened gap down on 09/03/2017.

Broad range for the stock is seen from 2500 – 2530 on downside & 2700 – 2730 on upside.

Dr. Reddy Outlook for the Week (April 24, 2017 – April 28, 2017)

EquityPandit’s Outlook for Dr. Reddy for the week  (April 24, 2017 – April 28, 2017) :

DR. REDDY:

 

DRREDDY

 

Dr Reddy closed the week on negative note losing around 1.20%.

As we have mentioned last week that resistance for the stock lies in the zone of 2660 to 2700 from where the stock broke down. If the stock manages to close above these levels then the stock can move to the levels of 2750 to 2780 where the stock opened gap down on 09/03/2017. During the week the stock manages to hit a high of 2723 and close the week around the levels of 2610.

Minor support for the stock lies in the zone of 2600 to 2640. As stock is trading below major support zone, no support for the stock is visible. Support for the stock lies in the zone of 2520 to 2560. Long term support for the stock lies in the zone of 2200 to 2300 where the stock has taken support in the month of May-2014.

Resistance for the stock lies in the zone of 2660 to 2700 from where the stock broke down. If the stock manages to close above these levels then the stock can move to the levels of 2750 to 2780 where the stock opened gap down on 09/03/2017.

Broad range for the stock is seen from 2500 – 2530 on downside & 2700 – 2730 on upside.

Dr. Reddy Outlook for the Week (April 17, 2017 – April 21, 2017)

EquityPandit’s Outlook for Dr. Reddy for the week  (April 17, 2017 – April 21, 2017) :

DR. REDDY:

 

DRREDDY

 

Dr Reddy closed the week on negative note losing around 0.80%.

As we have mentioned last week that minor support for the stock lies in the zone of 2600 to 2640. As stock is trading below major support zone, no support for the stock is visible. Support for the stock lies in the zone of 2520 to 2560. Long term support for the stock lies in the zone of 2200 to 2300 where the stock has taken support in the month of May-2014. During the week the stock manages to hit a low of 2615 and close the week around the levels of 2641.

Minor support for the stock lies in the zone of 2600 to 2640. As stock is trading below major support zone, no support for the stock is visible. Support for the stock lies in the zone of 2520 to 2560. Long term support for the stock lies in the zone of 2200 to 2300 where the stock has taken support in the month of May-2014.

Resistance for the stock lies in the zone of 2660 to 2700 from where the stock broke down. If the stock manages to close above these levels then the stock can move to the levels of 2750 to 2780 where the stock opened gap down on 09/03/2017.

Broad range for the stock is seen from 2500 – 2550 on downside & 2750 – 2770 on upside.

Dr. Reddy Outlook for the Week (April 10, 2017 – April 13, 2017)

EquityPandit’s Outlook for Dr. Reddy for the week  (April 10, 2017 – April 13, 2017) :

DR. REDDY:

 

DRREDDY

 

Dr Reddy closed the week on positive note gaining around 1.10%.

As we have mentioned last week that resistance for the stock lies in the zone of 2660 to 2700 from where the stock broke down. If the stock manages to close above these levels then the stock can move to the levels of 2750 to 2780 where the stock opened gap down on 09/03/2017. During the week the stock manages to hit a high of 2770 and close the week around the levels of 2661.

Minor support for the stock lies in the zone of 2600 to 2640. As stock is trading below major support zone, no support for the stock is visible. Support for the stock lies in the zone of 2520 to 2560. Long term support for the stock lies in the zone of 2200 to 2300 where the stock has taken support in the month of May-2014.

Resistance for the stock lies in the zone of 2660 to 2700 from where the stock broke down. If the stock manages to close above these levels then the stock can move to the levels of 2750 to 2780 where the stock opened gap down on 09/03/2017.

Broad range for the stock is seen from 2500 – 2550 on downside & 2750 – 2770 on upside.

Dr. Reddy Outlook for the Week (April 03, 2017 – April 07, 2017)

EquityPandit’s Outlook for Dr. Reddy for the week  (April 03, 2017 – April 07, 2017) :

DR. REDDY:

 

DRREDDY

 

Dr Reddy closed the week on absolutely flat note.

As we have mentioned last week that resistance for the stock lies in the zone of 2660 to 2700 from where the stock broke down. If the stock manages to close above these levels then the stock can move to the levels of 2750 to 2780 where the stock opened gap down on 09/03/2017. During the week the stock manages to hit a high of 2649 and close the week around the levels of 2632.

As stock is trading below major support zone, no support for the stock is visible. Support for the stock lies in the zone of 2520 to 2560. Long term support for the stock lies in the zone of 2200 to 2300 where the stock has taken support in the month of May-2014.

Resistance for the stock lies in the zone of 2660 to 2700 from where the stock broke down. If the stock manages to close above these levels then the stock can move to the levels of 2750 to 2780 where the stock opened gap down on 09/03/2017.

Broad range for the stock is seen from 2500 – 2550 on downside & 2700 – 2720 on upside.

Dr. Reddy Outlook for the Week (March 27, 2017 – March 31, 2017)

EquityPandit’s Outlook for Dr. Reddy for the week (March 27, 2017 – March 31, 2017) :

DR. REDDY:

 

DRREDDY

 

Dr Reddy closed the week on negative note losing around 4.00%.

As we have mentioned last week that support for the stock lies in the zone of 2700 to 2730. As stock is trading below major support zone, no support for the stock is visible. Support for the stock lies in the zone of 2640 to 2650. Long term support for the stock lies in the zone of 2200 to 2300 where the stock has taken support in the month of May-2014. During the week the stock manages to hit a low of 2555 and close the week around the levels of 2628.

As stock is trading below major support zone, no support for the stock is visible. Support for the stock lies in the zone of 2520 to 2560. Long term support for the stock lies in the zone of 2200 to 2300 where the stock has taken support in the month of May-2014.

Resistance for the stock lies in the zone of 2660 to 2700 from where the stock broke down. If the stock manages to close above these levels then the stock can move to the levels of 2750 to 2780 where the stock opened gap down on 09/03/2017.

Broad range for the stock is seen from 2500 – 2550 on downside & 2700 – 2720 on upside.

Dr. Reddy Outlook for the Week (March 20, 2017 – March 24, 2017)

EquityPandit’s Outlook for Dr. Reddy for the week (March 20, 2017 – March 24, 2017) :

DR. REDDY:

 

DRREDDY

 

Dr Reddy closed the week on positive note gaining around 0.75%.

As we have mentioned last week that support for the stock lies in the zone of 2700 to 2730. As stock is trading below major support zone, no support for the stock is visible. Support for the stock lies in the zone of 2640 to 2650. Long term support for the stock lies in the zone of 2200 to 2300 where the stock has taken support in the month of May-2014. During the week the stock manages to hit a low of 2717 and close the week around the levels of 2736.

Support for the stock lies in the zone of 2700 to 2730. As stock is trading below major support zone, no support for the stock is visible. Support for the stock lies in the zone of 2640 to 2650. Long term support for the stock lies in the zone of 2200 to 2300 where the stock has taken support in the month of May-2014.

Resistance for the stock lies in the zone of 2780 to 2800 where the stock has opened gap down. If the stock manages to close above these levels then the stock can move to the levels of 2830 to 2840 from where the stock broke down after consolidation.

Broad range for the stock is seen from 2640 – 2650 on downside to 2800 – 2820 on upside.

Dr. Reddy Outlook for the Week (March 14, 2017 – March 17, 2017)

EquityPandit’s Outlook for Dr. Reddy for the week (March 14, 2017 – March 17, 2017) :

DR. REDDY:

 

DRREDDY

 

Dr Reddy closed the week on negative note losing around 5.40%.

As we have mentioned last week that support for the stock lies in the zone of 2820 to 2840 levels where the stock has taken multiple support in the month of February-2016 & May-2016 and Fibonacci levels are lying. If the stock manages to close below these levels then the stock can drift to the levels of 2700 to 2730. During the week the stock manages to hit a low of 2700 and close the week around the levels of 2716.

Support for the stock lies in the zone of 2700 to 2730. As stock is trading below major support zone, no support for the stock is visible. Support for the stock lies in the zone of 2640 to 2650. Long term support for the stock lies in the zone of 2200 to 2300 where the stock has taken support in the month of May-2014.

Minor resistance for the stock lies in the zone of 2735 to 2745. Resistance for the stock lies in the zone of 2780 to 2800 where the stock has opened gap down. If the stock manages to close above these levels then the stock can move to the levels of 2830 to 2840 from where the stock broke down after consolidation.

Broad range for the stock is seen from 2640 – 2650 on downside to 2800 – 2820 on upside.

Dr. Reddy Outlook for the Week (March 06, 2017 – March 10, 2017)

EquityPandit’s Outlook for Dr. Reddy for the week (March 06, 2017 – March 10, 2017) :

DR. REDDY:

 

DRREDDY

 

Dr Reddy closed the week on negative note losing around 0.60%.

As we have mentioned last week that support for the stock lies in the zone of 2880 to 2900 from where the stock has bounced in the month of July-2016 and January-2017. If the stock manages to close below these levels then the stock can drift to the levels of 2820 to 2840 levels where the stock has taken multiple support in the month of February-2016 and May-2016. During the week the stock manages to hit a low of 2845 and close the week around the levels of 2871.

Support for the stock lies in the zone of 2820 to 2840 levels where the stock has taken multiple support in the month of February-2016 & May-2016 and Fibonacci levels are lying. If the stock manages to close below these levels then the stock can drift to the levels of 2700 to 2730.

Minor resistance for the stock lies in the zone of 2930 to 2950. Resistance for the stock lies in the zone of 3020 to 3050 from where the stock broke down on intraday basis and Fibonacci levels are lying. If the stock manages to close above these levels then the stock can move to the levels of 3100 to 3130 where 200 Daily SMA is lying.

Broad range for the stock is seen from 2790 – 2810 on downside to 2970 – 3000 on upside.

Dr. Reddy Outlook for the Week (February 27, 2017 – March 03, 2017)

EquityPandit’s Outlook for Dr. Reddy for the week (February 27, 2017 – March 03, 2017) :

DR. REDDY:

 

DRREDDY

 

Dr Reddy closed the week on negative note losing around 0.90%.

As we have mentioned last week that minor resistance for the stock lies in the zone of 2950 to 2970. Resistance for the stock lies in the zone of 3020 to 3050 from where the stock broke down on intraday basis. If the stock manages to close above these levels then the stock can move to the levels of 3100 to 3130 where 200 Daily SMA is lying. During the week the stock manages to hit a high of 2935 and close the week around the levels of 2887.

Support for the stock lies in the zone of 2880 to 2900 from where the stock has bounced in the month of July-2016 and January-2017. If the stock manages to close below these levels then the stock can drift to the levels of 2820 to 2840 levels where the stock has taken multiple support in the month of February-2016 and May-2016.

Minor resistance for the stock lies in the zone of 2950 to 2970. Resistance for the stock lies in the zone of 3020 to 3050 from where the stock broke down on intraday basis. If the stock manages to close above these levels then the stock can move to the levels of 3100 to 3130 where 200 Daily SMA is lying.

Broad range for the stock is seen from 2790 – 2810 on downside to 2970 – 3000 on upside.

Dr. Reddy Outlook for the Week (February 20, 2017 – February 24, 2017)

EquityPandit’s Outlook for Dr. Reddy for the week (February 20, 2017 – February 24, 2017) :

DR. REDDY:

 

DRREDDY

 

Dr Reddy closed the week on negative note losing around 2.10%.

As we have mentioned last week that support for the stock lies in the zone of 2900 to 2930 from where the stock has bounced in the month of July-2016 and January-2017. If the stock manages to close below these levels then the stock can drift to the levels of 2820 to 2840 levels where the stock has taken multiple support in the month of February-2016 and May-2016. During the week the stock manages to hit a low of 2799 and close the week around the levels of 2913.

Support for the stock lies in the zone of 2900 to 2920 from where the stock has bounced in the month of July-2016 and January-2017. If the stock manages to close below these levels then the stock can drift to the levels of 2820 to 2840 levels where the stock has taken multiple support in the month of February-2016 and May-2016.

Minor resistance for the stock lies in the zone of 2950 to 2970. Resistance for the stock lies in the zone of 3020 to 3050 from where the stock broke down on intraday basis. If the stock manages to close above these levels then the stock can move to the levels of 3100 to 3130 where 200 Daily SMA is lying.

Broad range for the stock is seen from 2790 – 2810 on downside to 3000 – 3020 on upside.

Dr. Reddy Outlook for the Week (February 13, 2017 – February 17, 2017)

EquityPandit’s Outlook for Dr. Reddy for the week (February 13, 2017 – February 17, 2017) :

DR. REDDY:

 

DRREDDY

 

Dr Reddy closed the week on negative note losing around 5.40%.

As we have mentioned last week that resistance for the stock lies in the zone of 3200 to 3220 where the stock has formed a top in the month of January-2017 and Fibonacci level is lying. If the stock manages to close above these levels then the stock can move to the levels of 3330 to 3350 from where the stock sold off in the month of November-2016. During the week the stock manages to hit a high of 3177 and close the week around the levels of 2976.

Support for the stock lies in the zone of 2900 to 2930 from where the stock has bounced in the month of July-2016 and January-2017. If the stock manages to close below these levels then the stock can drift to the levels of 2820 to 2840 levels where the stock has taken multiple support in the month of February-2016 and May-2016.

Resistance for the stock lies in the zone of 3030 to 3050 from where the stock broke down on intraday basis. If the stock manages to close above these levels then the stock can move to the levels of 3100 to 3130 where 200 Daily SMA is lying.

Broad range for the stock is seen from 2850 – 2880 on downside to 3100 – 3130 on upside.

Dr. Reddy Outlook for the Week (February 06, 2017 – February 10, 2017)

EquityPandit’s Outlook for Dr. Reddy for the week (February 06, 2017 – February 10, 2017) :

DR. REDDY:

 

DRREDDY

 

Dr Reddy closed the week on positive note gaining around 5.00%.

As we have mentioned last week that minor support for the stock lies in the zone of 2950 to 2960. Support for the stock lies in the zone of 2910 to 2930 where the stock has formed a bottom in the month of July-2016. If the stock manages to close below these levels then the stock can drift to the levels of 2800 to 2830 where the stock has formed a bottom in the month of May-2016. During the week the stock manages to hit a low of 2944 and close the week around the levels of 3145.

Support for the stock lies in the zone of 3080 to 3110 where Fibonacci level and short term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 3020 to 3050 where Fibonacci level and also the stock has broken out on intraday basis.

Resistance for the stock lies in the zone of 3200 to 3220 where the stock has formed a top in the month of January-2017 and Fibonacci level is lying. If the stock manages to close above these levels then the stock can move to the levels of 3330 to 3350 from where the stock sold off in the month of November-2016.

Broad range for the stock is seen from 3000 – 3050 on downside to 3250 – 3300 on upside.

Dr. Reddy Outlook for the Week (January 30, 2017 – February 03, 2017)

EquityPandit’s Outlook for Dr. Reddy for the week (January 30, 2017 – February 03, 2017) :

DR. REDDY:

 

DRREDDY

 

Dr Reddy closed the week on positive note gaining around 1.60%.

As we have mentioned last week that minor resistance for the stock lies in the zone of 2970 to 2980. Resistance for the stock lies in the zone of 3020 to 3040 where Fibonacci level is lying. If the stock manages to close above these levels then the stock can move to the levels of 3080 to 3100 from where the stock has broken down on intraday basis. During the week the stock manages to hit a high of 3012 and close the week around the levels of 2995.

Minor support for the stock lies in the zone of 2950 to 2960. Support for the stock lies in the zone of 2910 to 2930 where the stock has formed a bottom in the month of July-2016. If the stock manages to close below these levels then the stock can drift to the levels of 2800 to 2830 where the stock has formed a bottom in the month of May-2016.

Resistance for the stock lies in the zone of 3020 to 3040 where Fibonacci level is lying. If the stock manages to close above these levels then the stock can move to the levels of 3080 to 3100 from where the stock has broken down on intraday basis and Fibonacci level is lying.

Broad range for the stock is seen from 2920 – 2930 on downside to 3080 – 3100 on upside.

Dr. Reddy Outlook for the Week (January 23, 2017 – January 27, 2017)

EquityPandit’s Outlook for Dr. Reddy for the week (January 23, 2017 – January 27, 2017) :

DR. REDDY:

 

drr

 

Dr Reddy closed the week on negative note losing around 1.10%.

As we have mentioned last week that support for the stock lies in the zone of 2920 to 2940 where the stock has formed a bottom in the month of July-2016. If the stock manages to close below these levels then the stock can drift to the levels of 2800 to 2830 where the stock has formed a bottom in the month of May-2016. During the week the stock manages to hit a low of 2920 and close the week around the levels of 2947.

Support for the stock lies in the zone of 2920 to 2940 where the stock has formed a bottom in the month of July-2016. If the stock manages to close below these levels then the stock can drift to the levels of 2800 to 2830 where the stock has formed a bottom in the month of May-2016.

Minor resistance for the stock lies in the zone of 2970 to 2980. Resistance for the stock lies in the zone of 3020 to 3040 where Fibonacci level is lying. If the stock manages to close above these levels then the stock can move to the levels of 3080 to 3100 from where the stock has broken down on intraday basis.

Broad range for the stock is seen from 2880 – 2900 on downside to 3020 – 3040 on upside.

Dr. Reddy Outlook for the Week (January 16, 2017 – January 20, 2017)

EquityPandit’s Outlook for Dr. Reddy for the week (January 16, 2017 – January 20, 2017) :

DR. REDDY:

 

drr

 

Dr Reddy closed the week on negative note losing around 5.70%.

As we have mentioned last week that support for the stock lies in the zone of 3150 to 3170 where 200 Daily SMA and medium term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 3100 to 3120 from where the stock has broken out on intraday basis. During the week the stock manages to hit a low of 2943 and close the week around the levels of 2980.

Support for the stock lies in the zone of 2920 to 2940 where the stock has formed a bottom in the month of July-2016. If the stock manages to close below these levels then the stock can drift to the levels of 2800 to 2830 where the stock has formed a bottom in the month of May-2016.

Resistance for the stock lies in the zone of 3020 to 3040 where Fibonacci ratio is lying. If the stock manages to close above these levels then the stock can move to the levels of 3080 to 3100 from where the stock has broken down on intraday basis.

Broad range for the stock is seen from 2920 – 2940 on downside to 3080 – 3100 on upside.

Dr. Reddy Outlook for the Week (January 09, 2017 – January 13, 2017)

EquityPandit’s Outlook for Dr. Reddy for the week (January 09, 2017 – January 13, 2017) :

DR. REDDY:

 

drr

 

Dr Reddy closed the week on positive note gaining around 3.20%.

As we have mentioned last week that minor resistance for the stock lies in the zone of 3050 to 3070. Resistance for the stock lies in the zone of 3150 to 3170 where 200 Daily SMA and medium term moving averages are lying. If the stock manages to close above these levels then the stock can move to the levels of 3200 to 3230 where the stock has formed a short term top. During the week the stock manages to hit a high of 3204 and close the week around the levels of 3159.

Support for the stock lies in the zone of 3150 to 3170 where 200 Daily SMA and medium term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 3100 to 3120 from where the stock has broken out on intraday basis.

Resistance for the stock lies in the zone of 3220 to 3250 where the stock has formed a top in the month of December-2016. If the stock manages to close above these levels then the stock can move to the levels of 3330 to 3350 from where the stock sold off in the month of November-2016.

Broad range for the stock is seen from 3030 – 3050 on downside to 3250 – 3280 on upside.

Dr. Reddy Outlook for the Week (January 02, 2017 – January 06, 2017)

EquityPandit’s Outlook for Dr. Reddy for the week (January 02, 2017 – January 06, 2017) :

DR. REDDY:

 

drr

 

Dr Reddy closed the week on positive note gaining around 2.10%.

As we have mentioned last week that support for the stock lies in the zone of 3000 to 3010 where the stock has formed a bottom in the month of October – 2016 and November-2016. If the stock manages to close below these levels then the stock can drift to the levels of 2900 to 2920 where the stock has formed a bottom in the month of July-2016. During the week the stock manages to hit a low of 2979 and close the week around the levels of 3060.

Minor support for the stock lies in the zone of 3030 to 3040. Support for the stock lies in the zone of 2980 to 3000 where the stock has formed a bottom in the month of October – 2016 and November-2016. If the stock manages to close below these levels then the stock can drift to the levels of 2900 to 2920 where the stock has formed a bottom in the month of July-2016.

Minor resistance for the stock lies in the zone of 3050 to 3070. Resistance for the stock lies in the zone of 3150 to 3170 where 200 Daily SMA and medium term moving averages are lying. If the stock manages to close above these levels then the stock can move to the levels of 3200 to 3230 where the stock has formed a short term top.

Broad range for the stock is seen from 2980 – 3000 on downside to 3130 – 3150 on upside.

Dr. Reddy Outlook for the Week (December 26, 2016 – December 30, 2016)

EquityPandit’s Outlook for Dr. Reddy for the week (December 26, 2016 – December 30, 2016) :

DR. REDDY:

 

drr

 

Dr Reddy closed the week on negative note losing around 3.50%.

As we have mentioned last week that support for the stock lies in the zone of 3050 to 3070 from where the stock has bounced couple of times in the month of November-2016. If the stock manages to close below these levels then the stock can drift to the levels of 3000 to 3010 where the stock has formed a bottom in the month of October – 2016 and November-2016. During the week the stock manages to hit a low of 2980 and close the week around the levels of 2999.

Support for the stock lies in the zone of 3000 to 3010 where the stock has formed a bottom in the month of October – 2016 and November-2016. If the stock manages to close below these levels then the stock can drift to the levels of 2900 to 2920 where the stock has formed a bottom in the month of July-2016.

Minor resistance for the stock lies in the zone of 3050 to 3070. Resistance for the stock lies in the zone of 3150 to 3170 where 200 Daily SMA and medium term moving averages are lying. If the stock manages to close above these levels then the stock can move to the levels of 3200 to 3230 where the stock has formed a short term top.

Broad range for the stock is seen from 2900 – 2920 on downside to 3070 – 3100 on upside.

Dr. Reddy Outlook for the Week (December 19, 2016 – December 23, 2016)

EquityPandit’s Outlook for Dr. Reddy for the week (December 19, 2016 – December 23, 2016) :

DR. REDDY:

 

drr

 

Dr Reddy closed the week on negative note losing around 2.50%.

As we have mentioned last week that minor resistance for the stock lies in the zone of 3200 to 3230. Resistance for the stock lies in the zone of 3350 to 3400 where the stock has formed a top in the month of October-2016. If the stock manages to close above these levels then the stock can move to the levels of 3450 to 3500. During the week the stock manages to hit a high of 3189 and close the week around the levels of 3107.

Support for the stock lies in the zone of 3050 to 3070 from where the stock has bounced couple of times in the month of November-2016. If the stock manages to close below these levels then the stock can drift to the levels of 3000 to 3010 where the stock has formed a bottom in the month of October – 2016 and November-2016.

Resistance for the stock lies in the zone of 3150 to 3170 where 200 Daily SMA and medium term moving averages are lying. If the stock manages to close above these levels then the stock can move to the levels of 3200 to 3230 where the stock has formed a short term top.

Broad range for the stock is seen from 3000 – 3030 on downside to 3170 – 3200 on upside.

Dr. Reddy Outlook for the Week (December 12, 2016 – December 16, 2016)

EquityPandit’s Outlook for Dr. Reddy for the week (December 12, 2016 – December 16, 2016) :

DR. REDDY:

 

drr

 

Dr Reddy closed the week on positive note gaining around 0.20%.

As we have mentioned last week that minor resistance for the stock lies in the zone of 3200 to 3230. Resistance for the stock lies in the zone of 3350 to 3400 where the stock has formed a top in the month of October-2016. If the stock manages to close above these levels then the stock can move to the levels of 3450 to 3500. During the week the stock manages to hit a high of 3242 and close the week around the levels of 3186.

Support for the stock lies in the zone of 3150 to 3170 where medium term and 200 Daily SMA is lying. If the stock manages to close below these levels then the stock can drift to the levels of 3000 to 3010 where the stock has formed a top in the month of October – 2016.

Minor resistance for the stock lies in the zone of 3200 to 3230. Resistance for the stock lies in the zone of 3350 to 3400 where the stock has formed a top in the month of October-2016. If the stock manages to close above these levels then the stock can move to the levels of 3450 to 3500.

Broad range for the stock is seen from 3070 – 3100 on downside to 3270 – 3300 on upside.

Dr. Reddy Outlook for the Week (December 05, 2016 – December 09, 2016)

EquityPandit’s Outlook for Dr. Reddy for the week (December 05, 2016 – December 09, 2016) :

DR. REDDY:

 

drr

 

Dr Reddy closed the week on positive note gaining around 0.40%.

As we have mentioned last week that support for the stock lies in the zone of 3150 to 3170 where medium term and 200 Daily SMA is lying. If the stock manages to close below these levels then the stock can drift to the levels of 3000 to 3010 where the stock has formed a top in the month of October – 2016. During the week the stock manages to hit a low of 3152 and close the week around the levels of 3180.

Support for the stock lies in the zone of 3150 to 3170 where medium term and 200 Daily SMA is lying. If the stock manages to close below these levels then the stock can drift to the levels of 3000 to 3010 where the stock has formed a top in the month of October – 2016.

Minor resistance for the stock lies in the zone of 3200 to 3230. Resistance for the stock lies in the zone of 3350 to 3400 where the stock has formed a top in the month of October-2016. If the stock manages to close above these levels then the stock can move to the levels of 3450 to 3500.

Broad range for the stock is seen from 3070 – 3100 on downside to 3270 – 3300 on upside.

Dr. Reddy Outlook for the Week (November 28, 2016 – December 02, 2016)

EquityPandit’s Outlook for Dr. Reddy for the week (November 28, 2016 – December 02, 2016) :

DR. REDDY:

 

drr

 

Dr Reddy closed the week on negative note losing around 1.40%.

As we have mentioned last week that support for the stock lies in the zone of 3150 to 3170 where medium term and 200 Daily SMA is lying. If the stock manages to close below these levels then the stock can drift to the levels of 3000 to 3010 where the stock has formed a top in the month of October – 2016. During the week the stock manages to hit a low of 3075 and close the week around the levels of 3168.

Support for the stock lies in the zone of 3150 to 3170 where medium term and 200 Daily SMA is lying. If the stock manages to close below these levels then the stock can drift to the levels of 3000 to 3010 where the stock has formed a top in the month of October – 2016.

Minor resistance for the stock lies in the zone of 3200 to 3230. Resistance for the stock lies in the zone of 3350 to 3400 where the stock has formed a top in the month of October-2016. If the stock manages to close above these levels then the stock can move to the levels of 3450 to 3500.

Broad range for the stock is seen from 3070 – 3100 on downside to 3270 – 3300 on upside.

Dr. Reddy Outlook for the Week (November 21, 2016 – November 25, 2016)

EquityPandit’s Outlook for Dr. Reddy for the week (November 21, 2016 – November 25, 2016) :

DR. REDDY:

 

drr

 

Dr Reddy closed the week on negative note losing around 1.30%.

As we have mentioned last week that resistance for the stock lies in the zone of 3350 to 3400 where the stock has formed a top in the month of October-2016. If the stock manages to close above these levels then the stock can move to the levels of 3450 to 3500. During the week the stock manages to hit a high of 3355 and close the week around the levels of 3215.

Support for the stock lies in the zone of 3150 to 3170 where medium term and 200 Daily SMA is lying. If the stock manages to close below these levels then the stock can drift to the levels of 3000 to 3010 where the stock has formed a top in the month of October – 2016.

Resistance for the stock lies in the zone of 3350 to 3400 where the stock has formed a top in the month of October-2016. If the stock manages to close above these levels then the stock can move to the levels of 3450 to 3500.

Broad range for the stock is seen from 3100 – 3130 on downside to 3300 – 3350 on upside.

Dr. Reddy Outlook for the Week (November 15, 2016 – November 18, 2016)

EquityPandit’s Outlook for Dr. Reddy for the week (November 15, 2016 – November 18, 2016) :

DR. REDDY:

 

drr

 

Dr Reddy closed the week on positive note gaining around 5.70%.

As we have mentioned last week that minor support for the stock lies in the zone of 3050 to 3060. Support for the stock lies in the zone of 3000 to 3010 where the stock has bounced in the month of October – 2016. If the stock manages to close below these levels then the stock can drift to the levels of 2900 to 2930 where the stock has formed a bottom in the month of July – 2016 and August – 2016. During the week the stock manages to hit a low of 2960 and close the week around the levels of 3256.

Support for the stock lies in the zone of 3150 to 3170 where medium term and 200 Daily SMA is lying. If the stock manages to close below these levels then the stock can drift to the levels of 3000 to 3010 where the stock has formed a top in the month of October – 2016.

Resistance for the stock lies in the zone of 3350 to 3400 where the stock has formed a top in the month of October-2016. If the stock manages to close above these levels then the stock can move to the levels of 3450 to 3500.

Broad range for the stock is seen from 3100 – 3130 on downside to 3370 – 3400 on upside.

Dr. Reddy Outlook for the Week (November 07, 2016 – November 11, 2016)

EquityPandit’s Outlook for Dr. Reddy for the week (November 07, 2016 – November 11, 2016) :

DR. REDDY:

 

drr

 

Dr Reddy closed the week on negative note losing around 7.40%.

As we have mentioned last week that resistance for the stock lies in the zone of 3400 to 3450. If the stock manages to close above these levels then the stock can move to the levels of 3650 to 3700 from where the stock has sold off in the month of July – 2016. During the week the stock manages to hit a high of 3362 and close the week around the levels of 3080.

Minor support for the stock lies in the zone of 3050 to 3060. Support for the stock lies in the zone of 3000 to 3010 where the stock has bounced in the month of October – 2016. If the stock manages to close below these levels then the stock can drift to the levels of 2900 to 2930 where the stock has formed a bottom in the month of July – 2016 and August – 2016.

Resistance for the stock lies in the zone of 3100 to 3150 where 200 Daily SMA and short term moving averages are lying. If the stock manages to close above these levels then the stock can move to the levels of 3200 to 3230.

Broad range for the stock is seen from 2900 – 2930 on downside to 3200 – 3250 on upside.

Dr. Reddy Outlook for the Week (November 01, 2016 – November 04, 2016)

EquityPandit’s Outlook for Dr. Reddy for the week (November 01, 2016 – November 04, 2016) :

DR. REDDY:

 

drr

 

Dr Reddy closed the week on positive note gaining around 8.00%.

As we have mentioned last week that minor support for the stock lies in the zone of 3060 to 3080. Support for the stock lies in the zone of 3000 to 3020 where the stock has formed a short term bottom. If the stock manages to close below these levels then the stock can drift to the levels of 2900 to 2920 where the stock has formed a bottom in the month of July – 2016. During the week the stock manages to hit a low of 3068 and close the week around the levels of 3363.

Minor support for the stock lies in the zone of 3270 to 3280. Support for the stock lies in the zone of 3220 to 3240 from where the stock has broken out of the double top pattern. If the stock manages to close below these levels then the stock can drift to the levels of 3150 to 3170 where medium term moving averages are lying.

Resistance for the stock lies in the zone of 3400 to 3450. If the stock manages to close above these levels then the stock can move to the levels of 3650 to 3700 from where the stock has sold off in the month of July – 2016.

Broad range for the stock is seen from 3220 – 3250 on downside to 3450 – 3500 on upside.

Dr. Reddy Outlook for the Week (October 24, 2016 – October 28, 2016)

EquityPandit’s Outlook for Dr. Reddy for the week (October 24, 2016 – October 28, 2016) :

DR. REDDY:

 

drr

 

Dr Reddy closed the week on positive note gaining around 2.70%.

As we have mentioned last week that minor support for the stock lies in the zone of 2980 to 3000. Support for the stock lies in the zone of 2900 to 2920 from where the stock has bounced in the month of August – 2016. If the stock manages to close below these levels then the stock can drift to the levels of 2750 to 2800 where the stock has formed a bottom in the month of January – 2016 and February – 2016. During the week the stock manages to hit a low of 3012 and close the week around the levels of 3114.

Minor support for the stock lies in the zone of 3060 to 3080. Support for the stock lies in the zone of 3000 to 3020 where the stock has formed a short term bottom. If the stock manages to close below these levels then the stock can drift to the levels of 2900 to 2920 where the stock has formed a bottom in the month of July – 2016.

Resistance for the stock lies in the zone of 3100 to 3130 where 200 Daily SMA and short term moving averages are lying. If the stock manages to close above these levels then the stock can move to the levels of 3190 to 3230 levels where the stock has formed a double top formation.

Broad range for the stock is seen from 3000 – 3030 on downside to 3200 – 3230 on upside.

Dr. Reddy Outlook for the Week (October 17, 2016 – October 21, 2016)

EquityPandit’s Outlook for Dr. Reddy for the week (October 17, 2016 – October 21, 2016) :

DR. REDDY:

 

drr

 

Dr Reddy closed the week on negative note losing around 0.80%.

As we have mentioned last week that resistance for the stock lies in the zone of 3100 to 3130 where 200 Daily SMA and short term moving averages are lying. If the stock manages to close above these levels then the stock can move to the levels of 3180 to 3230 levels where the stock has formed a double top formation. During the week the stock manages to hit a high of 3099 and close the week around the levels of 3031.

Minor support for the stock lies in the zone of 2980 to 3000. Support for the stock lies in the zone of 2900 to 2920 from where the stock has bounced in the month of August – 2016. If the stock manages to close below these levels then the stock can drift to the levels of 2750 to 2800 where the stock has formed a bottom in the month of January – 2016 and February – 2016.

Minor resistance for the stock lies in the zone of 3065 to 3085. Resistance for the stock lies in the zone of 3100 to 3130 where 200 Daily SMA and short term moving averages are lying. If the stock manages to close above these levels then the stock can move to the levels of 3180 to 3230 levels where the stock has formed a double top formation.

Broad range for the stock is seen from 2900 – 2930 on downside to 3100 – 3130 on upside.

Dr. Reddy Outlook for the Week (October 10, 2016 – October 14, 2016)

EquityPandit’s Outlook for Dr. Reddy for the week (October 10, 2016 – October 14, 2016) :

DR. REDDY:

 

drr

 

Dr Reddy closed the week on negative note losing around 1.70%.

As we have mentioned last week that support for the stock lies in the zone of 3100 to 3130 where 200 Daily SMA is lying. If the stock manages to close below these levels then the stock can drift to the levels of 3050 to 3070 from where the stock broke out of 1 month of consolidation. If the stock manages to close below these levels then the stock can drift to the levels of 2920 to 2950. During the week the stock manages to hit a low of 3045 and close the week around the levels of 3054.

Support for the stock lies in the zone of 3050 to 3070 from where the stock broke out of 1 month of consolidation. If the stock manages to close below these levels then the stock can drift to the levels of 2920 to 2950.

Resistance for the stock lies in the zone of 3100 to 3130 where 200 Daily SMA and short term moving averages are lying. If the stock manages to close above these levels then the stock can move to the levels of 3180 to 3230 levels where the stock has formed a double top formation.

Broad range for the stock is seen from 2970 – 2990 on downside to 3100 – 3130 on upside.

Dr. Reddy Outlook for the Week (October 03, 2016 – October 07, 2016)

EquityPandit’s Outlook for Dr. Reddy for the week (October 03, 2016 – October 07, 2016) :

DR. REDDY:

 

drr

 

Dr Reddy closed the week on negative note losing around 2.40%.

As we have mentioned last week that minor resistance for the stock lies in the zone of 3210 to 3230. Resistance for the stock lies in the zone of 3250 to 3280 from where the stock has opened gap down. If the stock manages to close above these levels then the stock can move to the levels of 3500 to 3600. During the week the stock manages to hit a high of 3228 and close the week around the levels of 3107.

Support for the stock lies in the zone of 3100 to 3130 where 200 Daily SMA is lying. If the stock manages to close below these levels then the stock can drift to the levels of 3050 to 3070 from where the stock broke out of 1 month of consolidation. If the stock manages to close below these levels then the stock can drift to the levels of 2920 to 2950.

Minor resistance for the stock lies in the zone of 3150 to 3170 where short term moving averages are lying. Resistance for the stock lies in the zone of 3210 to 3230. Resistance for the stock lies in the zone of 3250 to 3280 from where the stock has opened gap down. If the stock manages to close above these levels then the stock can move to the levels of 3500 to 3600.

Broad range for the stock is seen from 3020 – 3040 on downside to 3160 – 3180 on upside.

Dr. Reddy Outlook for the Week (September 26, 2016 – September 30, 2016)

EquityPandit’s Outlook for Dr. Reddy for the week (September 26, 2016 – September 30, 2016) :

DR. REDDY:

 

drr

 

Dr Reddy closed the week on positive note gaining around 1.00%.

As we have mentioned last week that minor resistance for the stock lies in the zone of 3180 to 3210. Resistance for the stock lies in the zone of 3250 to 3280 from where the stock has opened gap down. If the stock manages to close above these levels then the stock can move to the levels of 3500 to 3600. During the week the stock manages to hit a high of 3200 and close the week around the levels of 3182.

Support for the stock lies in the zone of 3100 to 3130 where short term and medium term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 3050 to 3070 from where the stock broke out of 1 month of consolidation.

Minor resistance for the stock lies in the zone of 3210 to 3230. Resistance for the stock lies in the zone of 3250 to 3280 from where the stock has opened gap down. If the stock manages to close above these levels then the stock can move to the levels of 3500 to 3600.

Broad range for the stock is seen from 3050 – 3080 on downside to 3230 – 3250 on upside.

Dr. Reddy Outlook for the Week (September 19, 2016 – September 23, 2016)

EquityPandit’s Outlook for Dr. Reddy for the week (September 19, 2016 – September 23, 2016) :

DR. REDDY:

 

drr

 

Dr Reddy closed the week on negative note losing around 1.40%.

As we have mentioned last week that support for the stock lies in the zone of 3130 to 3150 where short term and medium term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 3050 to 3070 from where the stock broke out of 1 month of consolidation. During the week the stock manages to hit a low of 3132 and close the week around the levels of 3150.

Support for the stock lies in the zone of 3130 to 3150 where short term and medium term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 3050 to 3070 from where the stock broke out of 1 month of consolidation.

Minor resistance for the stock lies in the zone of 3180 to 3210. Resistance for the stock lies in the zone of 3250 to 3280 from where the stock has opened gap down. If the stock manages to close above these levels then the stock can move to the levels of 3500 to 3600.

Broad range for the stock is seen from 3050 – 3080 on downside to 3230 – 3250 on upside.

Dr. Reddy Outlook for the Week (September 12, 2016 – September 16, 2016)

EquityPandit’s Outlook for Dr. Reddy for the week (September 12, 2016 – September 16, 2016) :

DR. REDDY:

 

drr

 

Dr Reddy closed the week on positive note gaining around 2.20%.

As we have mentioned last week that resistance for the stock lies in the zone of 3130 to 3160 where medium term moving averages are lying. If the stock manages to close above these levels then the stock can move to the levels of 3250 to 3280. During the week the stock manages to hit a high of 3225 and close the week around the levels of 3193.

Support for the stock lies in the zone of 3130 to 3150 where short term and medium term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 3050 to 3070 from where the stock broke out of 1 month of consolidation.

Minor resistance for the stock lies in the zone of 3225. Resistance for the stock lies in the zone of 3250 to 3280 from where the stock has opened gap down. If the stock manages to close above these levels then the stock can move to the levels of 3500 to 3600.

Broad range for the stock is seen from 3130 – 3150 on downside to 3280 – 3310 on upside.

Dr. Reddy Outlook for the Week (September 06, 2016 – September 09, 2016)

EquityPandit’s Outlook for Dr. Reddy for the week (September 06, 2016 – September 09, 2016) :

DR. REDDY:

 

drr

 

Dr Reddy closed the week on positive note gaining around 2.70%.

As we have mentioned last week that resistance for the stock lies in the zone of 3050 to 3070 where the stock has opened gap down on 27/07/2016. If the stock manages to close above these levels then the stock can move to the levels of 3110 to 3130 where medium term moving averages are lying. During the week the stock manages to hit a high of 3139 and close the week around the levels of 3123.

Minor support for the stock lies in the zone of 3050 to 3070 from where the stock broke out of the 1 month of consolidation. If the stock manages to close below these levels then the stock can drift to the levels of 2930 to 2980.

Resistance for the stock lies in the zone of 3130 to 3160 where medium term moving averages are lying. If the stock manages to close above these levels then the stock can move to the levels of 3250 to 3280.

Broad range for the stock is seen from 3050 – 3070 on downside to 3200 – 3230 on upside.

Dr. Reddy Outlook for the Week (August 29, 2016 – September 02, 2016)

EquityPandit’s Outlook for Dr. Reddy for the week (August 29, 2016 – September 02, 2016) :

DR. REDDY:

 

DRR

 

Dr Reddy closed the week on positive note gaining around 1.00%.

As we have mentioned last week that resistance for the stock lies in the zone of 3050 to 3070 where the stock has opened gap down on 27/07/2016. If the stock manages to close above these levels then the stock can move to the levels of 3150 to 3200 where medium term moving averages are lying. During the week the stock manages to hit a high of 3078 and close the week around the levels of 3040.

Minor support for the stock lies in the zone of 2950 to 2970. Support for the stock lies in the zone of 2750 to 2800 where the stock has formed a bottom in the month of Jan – 2016, Feb – 2016 and May – 2016. If the stock manages to close below these levels then the stock can further witness a freefall as no support is visible.

Resistance for the stock lies in the zone of 3050 to 3070 where the stock has opened gap down on 27/07/2016. If the stock manages to close above these levels then the stock can move to the levels of 3110 to 3130 where medium term moving averages are lying.

Broad range for the stock is seen from 2900 – 2920 on downside to 3080 – 3100 on upside.

Dr. Reddy Outlook for the Week (August 22, 2016 – August 26, 2016)

EquityPandit’s Outlook for Dr. Reddy for the week (August 22, 2016 – August 26, 2016):

DR. REDDY:

 

drr

 

Dr Reddy closed the week on absolutely flat note.

As we have mentioned last week that resistance for the stock lies in the zone of 3050 to 3070 where the stock has opened gap down on 27/07/2016. If the stock manages to close above these levels then the stock can move to the levels of 3150 to 3200 where medium term moving averages are lying. During the week the stock manages to hit a high of 3043 and close the week around the levels of 3010.

Minor support for the stock lies in the zone of 2950 to 2970. Support for the stock lies in the zone of 2750 to 2800 where the stock has formed a bottom in the month of Jan – 2016, Feb – 2016 and May – 2016. If the stock manages to close below these levels then the stock can further witness a freefall as no support is visible.

Resistance for the stock lies in the zone of 3050 to 3070 where the stock has opened gap down on 27/07/2016. If the stock manages to close above these levels then the stock can move to the levels of 3150 to 3200 where medium term moving averages are lying.

Broad range for the stock is seen from 2900 – 2920 on downside to 3080 – 3100 on upside.

Dr. Reddy Outlook for the Week (August 16, 2016 – August 19, 2016)

EquityPandit’s Outlook for Dr. Reddy for the week (August 16, 2016 – August 19, 2016):

DR. REDDY:

 

drr

 

Dr Reddy closed the week on absolutely flat note.

As we have mentioned last week that resistance for the stock lies in the zone of 3050 to 3070 where the stock has opened gap down on 27/07/2016. If the stock manages to close above these levels then the stock can move to the levels of 3150 to 3200 where medium term moving averages are lying. During the week the stock manages to hit a high of 3058 and close the week around the levels of 3011.

Minor support for the stock lies in the zone of 2900 to 2920. Support for the stock lies in the zone of 2750 to 2800 where the stock has formed a bottom in the month of Jan – 2016, Feb – 2016 and May – 2016. If the stock manages to close below these levels then the stock can further witness a freefall as no support is visible.

Resistance for the stock lies in the zone of 3050 to 3070 where the stock has opened gap down on 27/07/2016. If the stock manages to close above these levels then the stock can move to the levels of 3150 to 3200 where medium term moving averages are lying.

Broad range for the stock is seen from 2900 – 2920 on downside to 3080 – 3100 on upside.

Dr. Reddy Outlook for the Week (August 08, 2016 – August 12, 2016)

EquityPandit’s Outlook for Dr. Reddy for the week (August 08, 2016 – August 12, 2016):

DR. REDDY:

 

drr

 

Dr Reddy closed the week on positive note gaining around 2.50%.

As we have mentioned last week that resistance for the stock lies in the zone of 3050 to 3070 where the stock has opened gap down on 27/07/2016. If the stock manages to close above these levels then the stock can move to the levels of 3150 to 3200 where medium term moving averages are lying. During the week the stock manages to hit a high of 3015 and close the week around the levels of 3009.

Minor support for the stock lies in the zone of 2900 to 2920. Support for the stock lies in the zone of 2750 to 2800 where the stock has formed a bottom in the month of Jan – 2016, Feb – 2016 and May – 2016. If the stock manages to close below these levels then the stock can further witness a freefall as no support is visible.

Resistance for the stock lies in the zone of 3050 to 3070 where the stock has opened gap down on 27/07/2016. If the stock manages to close above these levels then the stock can move to the levels of 3150 to 3200 where medium term moving averages are lying.

Broad range for the stock is seen from 2900 – 2920 on downside to 3080 – 3100 on upside.

Dr. Reddy Outlook for the Week (August 01, 2016 – August 05, 2016)

EquityPandit’s Outlook for Dr. Reddy for the week (August 01, 2016 – August 05, 2016):

DR. REDDY:

 

drr

 

Dr Reddy closed the week on negative note losing around 18.50%.

As we have mentioned last week that resistance for the stock lies in the zone of 3650 to 3700 where the stock has opened gap down on 09/11/2015. If the stock manages to close above these levels then the stock can move to the levels of 3800. During the week the stock manages to hit a high of 3579 and close the week around the levels of 2935.

Support for the stock lies in the zone of 2750 to 2800 where the stock has formed a bottom in the month of Jan – 2016, Feb – 2016 and May – 2016. If the stock manages to close below these levels then the stock can further witness a freefall as no support is visible.

Resistance for the stock lies in the zone of 3050 to 3070 where the stock has opened gap down on 27/07/2016. If the stock manages to close above these levels then the stock can move to the levels of 3150 to 3200 where medium term moving averages are lying.

Broad range for the stock is seen from 2750 – 2800 on downside to 3050 – 3070 on upside.

Dr. Reddy Outlook for the Week (July 25, 2016 – July 29, 2016)

EquityPandit’s Outlook for Dr. Reddy for the week (July 25, 2016 – July 29, 2016):

DR. REDDY:

 

DRR

 

Dr Reddy closed the week on positive note gaining around 0.30%.

As we have mentioned last week that resistance for the stock lies in the zone of 3575 to 3605 where the stock has opened gap down on 09/11/2015. If the stock manages to close above these levels then the stock can move to the levels of 3800. During the week the stock manages to hit a high of 3690 and close the week around the levels of 3600.

Minor support for the stock lies in the zone of 3390 to 3400. Support for the stock lies in the zone of 3290 to 3320 where 200 Daily SMA is lying. If the stock manages to close below these levels then the stock can drift to the levels of 3200 where short term moving averages are lying.

Resistance for the stock lies in the zone of 3650 to 3700 where the stock has opened gap down on 09/11/2015. If the stock manages to close above these levels then the stock can move to the levels of 3800.

Broad range for the stock is seen from 3500 – 3530 on downside to 3670 – 3700 on upside.

Dr. Reddy Outlook for the Week (July 18, 2016 – July 22, 2016)

EquityPandit’s Outlook for Dr. Reddy for the week (July 18, 2016 – July 22, 2016):

DR. REDDY:

 

drreddy

 

Dr Reddy closed the week on positive note gaining around 0.80%.

As we have mentioned last week that resistance for the stock lies in the zone of 3575 to 3605 where the stock has opened gap down on 09/11/2015. If the stock manages to close above these levels then the stock can move to the levels of 3800. During the week the stock manages to hit a high of 3639 and close the week around the levels of 3588.

Minor support for the stock lies in the zone of 3390 to 3400. Support for the stock lies in the zone of 3290 to 3320 where 200 Daily SMA is lying. If the stock manages to close below these levels then the stock can drift to the levels of 3200 where short term moving averages are lying.

Resistance for the stock lies in the zone of 3575 to 3605 where the stock has opened gap down on 09/11/2015. If the stock manages to close above these levels then the stock can move to the levels of 3800.

Broad range for the stock is seen from 3450 – 3480 on downside to 3670 – 3700 on upside.

Dr. Reddy Outlook for the Week (July 11, 2016 – July 15, 2016)

EquityPandit’s Outlook for Dr. Reddy for the week (July 11, 2016 – July 15, 2016):

DR. REDDY:

 

drreddy

 

Dr Reddy closed the week on positive note gaining around 2.20%.

As we have mentioned last week that resistance for the stock lies in the zone of 3575 to 3605 where the stock has opened gap down on 09/11/2015. If the stock manages to close above these levels then the stock can move to the levels of 3800. During the week the stock manages to hit a high of 3572 and close the week around the levels of 3561.

Minor support for the stock lies in the zone of 3390 to 3400. Support for the stock lies in the zone of 3290 to 3320 where 200 Daily SMA is lying. If the stock manages to close below these levels then the stock can drift to the levels of 3200 where short term moving averages are lying.

Resistance for the stock lies in the zone of 3575 to 3605 where the stock has opened gap down on 09/11/2015. If the stock manages to close above these levels then the stock can move to the levels of 3800.

Broad range for the stock is seen from 3380 – 3400 on downside to 3620 – 3640 on upside.

Dr. Reddy Outlook for the Week (July 04, 2016 – July 08, 2016)

EquityPandit’s Outlook for Dr. Reddy for the week (July 04, 2016 – July 08, 2016):

DR. REDDY:

 

drreddy

 

Dr Reddy closed the week on positive note gaining around 10.50%.

As we have mentioned last week that support for the stock lies in the zone of 3050 to 3100 where short & medium term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 3000 where the stock has formed a short term bottom. During the week the stock manages to hit a low of 3132 and close the week around the levels of 3484.

Support for the stock lies in the zone of 3290 to 3320 where 200 Daily SMA is lying. If the stock manages to close below these levels then the stock can drift to the levels of 3200 where short term moving averages are lying.

Resistance for the stock lies in the zone of 3575 to 3605 where the stock has opened gap down on 09/11/2015. If the stock manages to close above these levels then the stock can move to the levels of 3800.

Broad range for the stock is seen from 3250 – 3290 on downside to 3575 – 3600 on upside.

Dr. Reddy Outlook for the Week (June 27, 2016 – July 01, 2016)

EquityPandit’s Outlook for Dr. Reddy for the week (June 27, 2016 – July 01, 2016):

DR. REDDY:

 

drreddy

 

Dr Reddy closed the week on positive note gaining around 5.00%.

As we have mentioned last week that resistance for the stock lies in the zone of 3080 to 3100 where short term moving averages are lying. If the stock manages to close above these levels then the stock can move to the levels of 3150 to 3170 from where the stock has sold off in the month of April – 2016. During the week the stock manages to hit a high of 3179 and close the week around the levels of 3153.

Support for the stock lies in the zone of 3050 to 3100 where short & medium term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 3000 where the stock has formed a short term bottom.

Resistance for the stock lies in the zone of 3200 to 3230 where the stock has made a top in the month of June – 2016. If the stock manages to close above these levels then the stock can move to the levels of 3290 to 3320 where 200 Daily SMA is lying.

Broad range for the stock is seen from 3030 – 3060 on downside to 3230 – 3250 on upside.

Dr. Reddy Outlook for the Week (June 20, 2016 – June 24, 2016)

EquityPandit’s Outlook for Dr. Reddy for the week (June 20, 2016 – June 24, 2016):

DR. REDDY:

 

drreddy

 

Dr Reddy closed the week on negative note losing around 2.10%.

As we have mentioned last week that minor resistance for the stock lies in the zone of 3100 to 3120. Resistance for the stock lies in the zone of 3150 to 3170 from where the stock has sold off in the month of April – 2016. If the stock manages to close above these levels then the stock can move to the levels of 3250 to 3300 where 500 Daily SMA is lying. During the week the stock manages to hit a high of 3109 and close the week around the levels of 3003.

Support for the stock lies in the zone of 2820 to 2840 where trend-line joining earlier lows is lying. If the stock manages to close below these levels then the stock can drift to the levels of 2750 where the stock has formed a medium term bottom.

Resistance for the stock lies in the zone of 3080 to 3100 where short term moving averages are lying. If the stock manages to close above these levels then the stock can move to the levels of 3150 to 3170 from where the stock has sold off in the month of April – 2016.

Broad range for the stock is seen from 2820 – 2840 on downside to 3100 – 3130 on upside.

Dr. Reddy Outlook for the Week (June 13, 2016 – June 17, 2016)

EquityPandit’s Outlook for Dr. Reddy for the week (June 13, 2016 – June 17, 2016):

DR. REDDY:

 

drreddy

 

Dr Reddy closed the week on negative note losing around 3.00%.

As we have mentioned last week that the stock has closed around the resistance zone of 3150 to 3170 from where the stock has sold off in the month of April – 2016. If the stock manages to close above these levels then the stock can move to the levels of 3250 to 3300 where 500 Daily SMA is lying. During the week the stock manages to hit a high of 3183 and close the week around the levels of 3066.

Support for the stock lies in the zone of 3020 to 3050 where short term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 2750 to 2800 where the stock has formed a medium term bottom.

Minor resistance for the stock lies in the zone of 3100 to 3120. Resistance for the stock lies in the zone of 3150 to 3170 from where the stock has sold off in the month of April – 2016. If the stock manages to close above these levels then the stock can move to the levels of 3250 to 3300 where 500 Daily SMA is lying.

Broad range for the stock is seen from 2950 – 2980 on downside to 3150 – 3180 on upside.

Dr. Reddy Outlook for the Week (June 06, 2016 – June 10, 2016)

EquityPandit’s Outlook for Dr. Reddy for the week (June 06, 2016 – June 10, 2016):

DR. REDDY:

 

DRREDDY

 

Dr Reddy closed the week on positive note gaining around 1.40%.

As we have mentioned last week that resistance for the stock lies in the zone of 3100 to 3150 from where the stock has sold off in the month of April – 2016. If the stock manages to close above these levels then the stock can move to the levels of 3200 to 3250 where 500 Daily SMA is lying. During the week the stock manages to hit a high of 3220 and close the week around the levels of 3160.

Support for the stock lies in the zone of 3020 to 3050 where short term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 2750 to 2800 where the stock has formed a medium term bottom.

The stock has closed around the resistance zone of 3150 to 3170 from where the stock has sold off in the month of April – 2016. If the stock manages to close above these levels then the stock can move to the levels of 3250 to 3300 where 500 Daily SMA is lying.

Broad range for the stock is seen from 3020 – 3050 on downside to 3220 – 3250 on upside.

Dr. Reddy Outlook for the Week (May 30, 2016 – June 03, 2016)

EquityPandit’s Outlook for Dr. Reddy for the week (May 30, 2016 – June 03, 2016):

DR. REDDY:

 

drreddy

 

Dr Reddy closed the week on positive note gaining around 2.70%.

As we have mentioned last week that resistance for the stock lies in the zone of 3100 to 3150 from where the stock has sold off and 100 Daily SMA is lying, If the stock manages to close above these levels then the stock can move to the levels of 3200 to 3250 where 500 Daily SMA is lying. During the week the stock manages to hit a high of 3138 and close the week around the levels of 3116.

Minor support for the stock lies in the zone of 3010 to 3050. Support for the stock lies in the zone of 2750 to 2800 where the stock has formed a medium term bottom. If the stock manages to close below these levels then the stock can witness a freefall as virtually no support is visible and stock can drift to the levels of 2500.

Resistance for the stock lies in the zone of 3100 to 3150 from where the stock has sold off in the month of April – 2016. If the stock manages to close above these levels then the stock can move to the levels of 3200 to 3250 where 500 Daily SMA is lying.

Broad range for the stock is seen from 3020 – 3050 on downside to 3220 – 3250 on upside.

Dr. Reddy Outlook for the Week (May 23, 2016 – May 27, 2016)

EquityPandit’s Outlook for Dr. Reddy for the week (May 23, 2016 – May 27, 2016):

DR. REDDY:

 

DRR

 

Dr Reddy closed the week on positive note gaining around 4.00%.

As we have mentioned last week that resistance for the stock lies in the zone of 2950 to 3000 where short term moving averages & 100 Daily SMA is lying. If the stock manages to close above these levels then the stock can move to the levels of 3100 to 3150 from where the stock has sold off. During the week the stock manages to hit a high of 3050 and close the week around the levels of 3034.

Support for the stock lies in the zone of 2750 to 2800 where the stock has formed a medium term bottom. If the stock manages to close below these levels then the stock can witness a freefall as virtually no support is visible and stock can drift to the levels of 2500.

Resistance for the stock lies in the zone of 3100 to 3150 from where the stock has sold off and 100 Daily SMA is lying, If the stock manages to close above these levels then the stock can move to the levels of 3200 to 3250 where 500 Daily SMA is lying.

Broad range for the stock is seen from 2900 – 2950 on downside to 3100 – 3150 on upside.

Dr. Reddy Outlook for the Week (May 16, 2016 – May 20, 2016)

EquityPandit’s Outlook for Dr. Reddy for the week (May 16, 2016 – May 20, 2016):

DR. REDDY:

 

drreddy

 

Dr Reddy closed the week on positive note gaining around 1.80%.

As we have mentioned last week that support for the stock lies in the zone of 2750 to 2800 where the stock has formed a medium term bottom. If the stock manages to close below these levels then the stock can witness a freefall as virtually no support is visible and stock can drift to the levels of 2500. During the week the stock manages to hit a low of 2822 and close the week around the levels of 2917.

Support for the stock lies in the zone of 2750 to 2800 where the stock has formed a medium term bottom. If the stock manages to close below these levels then the stock can witness a freefall as virtually no support is visible and stock can drift to the levels of 2500.

Resistance for the stock lies in the zone of 2950 to 3000 where short term moving averages & 100 Daily SMA is lying. If the stock manages to close above these levels then the stock can move to the levels of 3100 to 3150 from where the stock has sold off.

Broad range for the stock is seen from 2800 – 2830 on downside to 2970 – 3000 on upside.

Dr. Reddy Outlook for the Week (May 09, 2016 – May 13, 2016)

EquityPandit’s Outlook for Dr. Reddy for the week (May 09, 2016 – May 13, 2016):

DR. REDDY:

 

drreddy

 

Dr Reddy closed the week on negative note losing around 7.20%.

As we have mentioned last week that support for the stock lies in the zone of 3050 where short term moving averages and 100 Daily SMA are lying. If the stock manages to close below these levels then the stock can drift to the levels of 2900 to 2950 where the stock has formed a short term bottom. During the week the stock manages to hit a low of 2860 and close the week around the levels of 2866.

Support for the stock lies in the zone of 2750 to 2800 where the stock has formed a medium term bottom. If the stock manages to close below these levels then the stock can witness a freefall as virtually no support is visible and stock can drift to the levels of 2500.

Resistance for the stock lies in the zone of 2950 to 3000 where 100 Daily SMA is lying. If the stock manages to close above these levels then the stock can move to the levels of 3100 to 3150 from where the stock has sold off.

Broad range for the stock is seen from 2750 – 2775 on downside to 2925 – 2950 on upside.

Dr. Reddy Outlook for the Week (May 02, 2016 – May 06, 2016)

EquityPandit’s Outlook for Dr. Reddy for the week (May 02, 2016 – May 06, 2016):

DR. REDDY:

 

DRREDDY

 

Dr Reddy closed the week on negative note losing around 1.70%.

As we have mentioned last week that support for the stock lies in the zone of 3050 where short term moving averages and 100 Daily SMA are lying. If the stock manages to close below these levels then the stock can drift to the levels of 2900 to 2950 where the stock has formed a short term bottom. During the week the stock manages to hit a low of 3067 and close the week around the levels of 3089.

Support for the stock lies in the zone of 3050 where short term moving averages and 100 Daily SMA are lying. If the stock manages to close below these levels then the stock can drift to the levels of 2900 to 2950 where the stock has formed a short term bottom.

Minor resistance for the stock lies in the zone of 3170. Resistance for the stock lies in the zone of 3250 where 500 Daily SMA is lying. If the stock manages to close above these levels then the stock can move to the levels of 3350 where the stock had opened gap down on 26/11/2015.

Broad range for the stock is seen from 3000 – 3050 on downside to 3200 – 3250 on upside.

Dr. Reddy Outlook for the Week (April 25, 2016 – April 29, 2016)

EquityPandit’s Outlook for Dr. Reddy for the week (April 25, 2016 – April 29, 2016):

DR. REDDY:

 

DRREDDY

 

Dr Reddy closed the week on positive note gaining around 1.40%.

As we have mentioned last week that the stock has closed just above the resistance zone of 3050 to 3100 where short term moving averages and 100 Daily SMA is lying. If the stock manages to close above these levels then the stock can move to the levels of 3250 where 500 Daily SMA is lying. During the week the stock manages to hit a high of 3160 and close the week around the levels of 3142.

Support for the stock lies in the zone of 3050 where short term moving averages and 100 Daily SMA are lying. If the stock manages to close below these levels then the stock can drift to the levels of 2900 to 2950 where the stock has formed a short term bottom.

Resistance for the stock lies in the zone of 3250 where 500 Daily SMA is lying. If the stock manages to close above these levels then the stock can move to the levels of 3350 where the stock had opened gap down on 26/11/2015.

Broad range for the stock is seen from 3000 – 3050 on downside to 3250 – 3300 on upside.

Dr. Reddy Outlook for the Week (April 18, 2016 – April 22, 2016)

EquityPandit’s Outlook for Dr. Reddy for the week (April 18, 2016 – April 22, 2016):

DR. REDDY:

 

DRREDDY

 

Dr Reddy closed the week on positive note gaining around 2.00%.

As we have mentioned last week that resistance for the stock lies in the zone of 3050 to 3100 where short term moving averages and 100 Daily SMA is lying. If the stock manages to close above these levels then the stock can move to the levels of 3250 where 500 Daily SMA is lying. During the week the stock manages to hit a high of 3122 and close the week around the levels of 2999.

Minor support for the stock is lying in the range of 2900 to 2950 where the stock has formed a short term bottom. If the stock manages to close below these levels then the stock can drift to the levels of 2750 to 2800 where the stock has formed a medium term bottom.

The stock has closed just above the resistance zone of 3050 to 3100 where short term moving averages and 100 Daily SMA is lying. If the stock manages to close above these levels then the stock can move to the levels of 3250 where 500 Daily SMA is lying.

Broad range for the stock is seen from 2900 – 2950 on downside to 3200 – 3250 on upside.

Dr. Reddy Outlook for the Week (April 11, 2016 – April 13, 2016)

EquityPandit’s Outlook for Dr. Reddy for the week (April 11, 2016 – April 13, 2016):

DR. REDDY:

 

DRREDDY

 

Dr Reddy closed the week on positive note gaining around 2.00%.

As we have mentioned last week that resistance for the stock lies in the zone of 3050 to 3100 where short term moving averages and 100 Daily SMA is lying. If the stock manages to close above these levels then the stock can move to the levels of 3250 where 500 Daily SMA is lying. During the week the stock manages to hit a high of 3089 and close the week around the levels of 3039.

Minor support for the stock is lying in the range of 2900 to 2950 where the stock has formed a short term bottom. If the stock manages to close below these levels then the stock can drift to the levels of 2750 to 2800 where the stock has formed a medium term bottom.

Resistance for the stock lies in the zone of 3050 to 3100 where short term moving averages and 100 Daily SMA is lying. If the stock manages to close above these levels then the stock can move to the levels of 3250 where 500 Daily SMA is lying.

Broad range for the stock is seen from 2900 – 2950 on downside to 3100 – 3150 on upside.

Dr. Reddy Outlook for the Week (April 04, 2016 – April 08, 2016)

EquityPandit’s Outlook for Dr. Reddy for the week (April 04, 2016 – April 08, 2016):

DR. REDDY:

 

DRREDDY

 

Dr Reddy closed the week on negative note losing around 2.30%.

As we have mentioned last week that support for the stock lies in the zone of 2950 to 2980 where short term moving averages and gap is lying. If the stock manages to close below this levels then the stock can drift to the levels of 2800 where the stock has formed a short term bottom. During the week the stock manages to hit a low of 2887 and close the week around the levels of 2978.

Minor support for the stock is lying in the range of 2900 where the stock has formed a short term bottom. If the stock manages to close below this levels then the stock can drift to the levels of 2750 to 2800 where the stock has formed a medium term bottom.

Resistance for the stock lies in the zone of 3050 to 3100 where short term moving averages and 100 Daily SMA is lying. If the stock manages to close above this levels then the stock can move to the levels of 3250 where 500 Daily SMA is lying.

Broad range for the stock is seen from 2800 – 2850 on downside to 3050 – 3100 on upside.

Dr. Reddy Outlook for the Week (March 28, 2016 – April 01, 2016)

EquityPandit’s Outlook for Dr. Reddy for the week (March 28, 2016 – April 01, 2016):

DR. REDDY:

 

DRREDDY

 

Dr Reddy closed the week on negative note losing around 3.90%.

As we have mentioned last week that resistance for the stock lies in the zone of 3250 to 3300 where 100 & 500 Daily SMA is lying. If the stock manages to close above this levels then the stock can move to the levels of 3330 to 3350 where the stock has opened a gap down on 26/11/2015. During the week the stock manages to hit a high of 3200 and close the week around the levels of 3048.

Support for the stock lies in the zone of 2950 to 2980 where short term moving averages and gap is lying. If the stock manages to close below this levels then the stock can drift to the levels of 2800 where the stock has formed a short term bottom.

Resistance for the stock lies in the zone of 3150 to 3200 where 100 & 500 Daily SMA is lying. If the stock manages to close above this levels then the stock can move to the levels of 3330 to 3350 where the stock has opened a gap down on 26/11/2015.

Broad range for the stock is seen from 2950 – 2980 on downside to 3150 – 3200 on upside.

Dr. Reddy Outlook for the Week (March 21, 2016 – March 23, 2016)

EquityPandit’s Outlook for Dr. Reddy for the week (March 21, 2016 – March 23, 2016):

DR. REDDY:

 

DRREDDY

 

Dr Reddy closed the week on negative note losing around 1.50%.

As we have mentioned last week that resistance for the stock lies in the zone of 3250 to 3300 where 100 & 500 Daily SMA is lying. If the stock manages to close above this levels then the stock can move to the levels of 3330 to 3350 where the stock has opened a gap down on 26/11/2015. During the week the stock manages to hit a high of 3247 and close the week around the levels of 3164.

Support for the stock lies in the zone of 3120 to 3140 where the neckline of the inverse Head & Shoulder pattern of the stock is lying. If the stock manages to close below this levels then the stock can drift to the levels of 2950 to 2980 where short term moving averages and gap is lying.

Resistance for the stock lies in the zone of 3250 to 3300 where 100 & 500 Daily SMA is lying. If the stock manages to close above this levels then the stock can move to the levels of 3330 to 3350 where the stock has opened a gap down on 26/11/2015.

The stock has formed a Inverse Head & Shoulder pattern on daily charts. The target for this pattern lies in the zone of 3500.

Broad range for the stock is seen from 3050 – 3100 on downside to 3300 – 3350 on upside.

Dr. Reddy Outlook for the Week (March 14, 2016 – March 18, 2016)

EquityPandit’s Outlook for Dr. Reddy for the week (March 14, 2016 – March 18, 2016):

 

DR. REDDY:

 

 

DRREDDY

 

Dr Reddy closed the week on negative note losing around 1.30%.

As we have mentioned last week that resistance for the stock lies in the zone of 3250 to 3300 where 100 & 500 Daily SMA is lying. If the stock manages to close above this levels then the stock can move to the levels of 3330 to 3350 where the stock has opened a gap down on 26/11/2015. During the week the stock manages to hit a high of 3270 and close the week around the levels of 3210.

Support for the stock lies in the zone of 3120 to 3140 where the neckline of the inverse Head & Shoulder pattern of the stock is lying. If the stock manages to close below this levels then the stock can drift to the levels of 2950 to 2980 where short term moving averages and gap is lying.

Resistance for the stock lies in the zone of 3250 to 3300 where 100 & 500 Daily SMA is lying. If the stock manages to close above this levels then the stock can move to the levels of 3330 to 3350 where the stock has opened a gap down on 26/11/2015.

The stock has formed a Inverse Head & Shoulder pattern on daily charts. The target for this pattern lies in the zone of 3500.

Broad range for the stock is seen from 3120 – 3150 on downside to 3300 – 3350 on upside.

Dr. Reddy Outlook for the Week (March 08, 2016 – March 11, 2016)

EquityPandit’s Outlook for Dr. Reddy for the week (March 08, 2016 – March 11, 2016):

 

DR. REDDY:

 

DRREDDY

 

Dr Reddy closed the week on positive note gaining around 8.70%.

As we have mentioned last week that support for the stock lies in the zone of 2950 to 2980 where short term moving averages and gap is lying. If the stock manages to close below this levels then the stock can drift to the levels of 2750 where the stock has formed a short term bottom. During the week the stock manages to hit a low of 2978 and bounce to close the week around the levels of 3253.

Support for the stock lies in the zone of 3120 to 3140 where the neckline of the inverse Head & Shoulder pattern of the stock is lying. If the stock manages to close below this levels then the stock can drift to the levels of 2950 to 2980 where short term moving averages and gap is lying.

Resistance for the stock lies in the zone of 3250 to 3300 where 100 & 500 Daily SMA is lying. If the stock manages to close above this levels then the stock can move to the levels of 3330 to 3350 where the stock has opened a gap down on 26/11/2015.

The stock has formed a Inverse Head & Shoulder pattern on daily charts. The target for this pattern lies in the zone of 3500.

Broad range for the stock is seen from 2950 – 3000 on downside to 3300 – 3350 on upside.

Dr. Reddy Outlook for the Week (February 29, 2016 – March 04, 2016)

EquityPandit’s Outlook for Dr. Reddy for the week (February 29, 2016 – March 04, 2016):

 

DR. REDDY:

 

DRREDDY

 

Dr Reddy closed the week on negative note losing around 2.10%.

As we have mentioned last week that resistance for the stock lies in the zone of 3150 to 3200 from where the stock has formed a double top pattern and also 500 Daily SMA is lying. If the stock manages to close above this levels then the stock can move to the levels of 3400 where 100 Daily SMA is lying. During the week the stock manages to hit a high of 3149 and sold off to close the week around the levels of 2994.

Support for the stock lies in the zone of 2950 to 2980 where short term moving averages and gap is lying. If the stock manages to close below this levels then the stock can drift to the levels of 2750 where the stock has formed a short term bottom.

Resistance for the stock lies in the zone of 3150 to 3200 from where the stock has formed a double top pattern and also 500 Daily SMA is lying. If the stock manages to close above this levels then the stock can move to the levels of 3400 where 100 Daily SMA is lying.

Broad range for the stock is seen from 2930 – 2950 on downside to 3100 – 3130 on upside.

Dr. Reddy Outlook for the Week (February 22, 2016 – February 26, 2016)

EquityPandit’s Outlook for Dr. Reddy for the week (February 22, 2016 – February 26, 2016):

 

DR. REDDY:

 

DRREDDY

 

Dr Reddy closed the week on positive note gaining around 7.50%.

As we have mentioned last week that resistance for the stock lies in the zone of 3000 where short term moving averages are lying. If the stock manages to close above this levels then the stock can move to the levels of 3150 to 3200 from where the stock has formed a double top pattern and also 500 Daily SMA is lying. During the week the stock manages to hit a high of 3154 and close the week around the levels of 3059.

Support for the stock lies in the zone of 2950 to 2980 where short term moving averages and gap is lying. If the stock manages to close below this levels then the stock can drift to the levels of 2750 where the stock has formed a short term bottom.

Resistance for the stock lies in the zone of 3150 to 3200 from where the stock has formed a double top pattern and also 500 Daily SMA is lying. If the stock manages to close above this levels then the stock can move to the levels of 3400 where 100 Daily SMA is lying.

Broad range for the stock is seen from 2950 – 2980 on downside to 3170 – 3200 on upside.

Dr. Reddy Outlook for the Week (February 15, 2016 – February 19, 2016)

EquityPandit’s Outlook for Dr. Reddy for the week (February 15, 2016 – February 19, 2016):

 

DR. REDDY:

 

DRREDDY

 

Dr Reddy closed the week on negative note losing around 8.50%.

As we have mentioned last week that support for the stock lies in the zone of 3000 to 3050 where short term moving averages are lying. If the stock closes below this levels then the stock can drift to the levels of 2750 where the stock has formed a short term bottom. During the week the stock manages to hit a low of 2825 and close the week around the levels of 2847.

Support for the stock lies in the zone of 2750 where the stock has formed a short term bottom. If the stock manages to close below this levels then the stock can drift to the levels of 2600 to 2630 where 1000 Daily SMA and 200 Weekly SMA is lying.

Resistance for the stock lies in the zone of 3000 where short term moving averages are lying. If the stock manages to close above this levels then the stock can move to the levels of 3150 to 3200 from where the stock has formed a double top pattern and also 500 Daily SMA is lying.

Broad range for the stock is seen from 2730 – 2750 on downside to 3100 – 3150 on upside.

Dr. Reddy Outlook for the Week (February 08, 2016 – February 12, 2016)

EquityPandit’s Outlook for Dr. Reddy for the week (February 08, 2016 – February 12, 2016):

 

DR. REDDY:

 

DRREDDY

 

Dr Reddy closed the week on absolutely flat note.

As we have mentioned last week that support for the stock lies in the zone of 3000 to 3050 where short term moving averages are lying. If the stock closes below this levels then the stock can drift to the levels of 2750 where the stock has formed a short term bottom. During the week the stock manages to hit a low of 2970 and bounce to close the week around the levels of 3105.

Support for the stock lies in the zone of 3000 to 3050 where short term moving averages are lying. If the stock closes below this levels then the stock can drift to the levels of 2750 where the stock has formed a short term bottom.

Resistance for the stock lies in the zone of 3220 to 3250 where 500 Daily SMA and 100 Weekly SMA is lying. If the stock closes above this levels then the stock can move to the levels of 3400.

Broad range for the stock is seen from 2900 – 2950 on downside to 3250 – 3300 on upside.

Dr. Reddy Outlook for the Week (February 01, 2016 – February 05, 2016)

EquityPandit’s Outlook for Dr. Reddy for the week (February 01, 2016 – February 05, 2016):

 

DR. REDDY:

 

DRREDDY

 

Dr Reddy closed the week on positive note gaining around 7.70%.

As we have mentioned last week that resistance for the stock lies in the zone of 3000 to 3050. If the stock manages to close above this levels then the stock can move to the levels of 3150 where 500 Daily SMA and 100 Weekly SMA is lying. During the week the stock manages to hit a high of 3120 and close the week around the levels of 3105.

Support for the stock lies in the zone of 3000 to 3050 where short term moving averages are lying. If the stock closes below this levels then the stock can drift to the levels of 2750 where the stock has formed a short term bottom.

Resistance for the stock lies in the zone of 3220 to 3250 where 500 Daily SMA and 100 Weekly SMA is lying. If the stock closes above this levels then the stock can move to the levels of 3400.

Broad range for the stock is seen from 2900 – 2950 on downside to 3250 – 3300 on upside.

Dr. Reddy Outlook for the Week (January 25, 2016 – January 29, 2016)

EquityPandit’s Outlook for Dr. Reddy for the week (January 25, 2016 – January 29, 2016):

 

DR. REDDY:

 

DRREDDY

 

Dr Reddy closed the week on negative note losing around 1.80%.

As we have mentioned last week that the stock has closed around the support zone of 2940 from where the stock has broken out in the month of August – 2014. If the stock closes below this levels then the stock can drift to the levels of 2600 where 1000 Daily SMA and 200 Weekly SMA are lying. During the week the stock manages to hit a low of 2750 and close the week around the levels of 2882.

Minor Support for the stock lies in the zone of 2750 where the stock has formed a short term bottom. If the stock closes below this levels then the stock can drift to the levels of 2600 where 1000 Daily SMA and 200 Weekly SMA are lying.

Resistance for the stock lies in the zone of 3000 to 3050. If the stock manages to close above this levels then the stock can move to the levels of 3150 where 500 Daily SMA and 100 Weekly SMA is lying.

The stock has formed a Hammer pattern in a downtrend indicating the trend reversal or exhaustion in selling pressure.

Broad range for the stock is seen from 2800 – 2850 on downside to 3000 – 3050 on upside.

Dr. Reddy Outlook for the Week (January 18, 2016 – January 22, 2016)

EquityPandit’s Outlook for Dr. Reddy for the week (January 18, 2016 – January 22, 2016):

 

DR. REDDY:

 

DRREDDY

 

Dr Reddy closed the week on negative note losing around 2.50%.

As we have mentioned last week that support for the stock lies in the zone of 2940 from where the stock has broken out in the month of August – 2014. If the stock closes below this levels then the stock can drift to the levels of 2600 where 1000 Daily SMA and 200 Weekly SMA are lying. During the week the stock manages to hit a low of 2854 and bounce to close the week around the levels of 2936.

The stock has closed around the support zone of 2940 from where the stock has broken out in the month of August – 2014. If the stock closes below this levels then the stock can drift to the levels of 2600 where 1000 Daily SMA and 200 Weekly SMA are lying.

Resistance for the stock lies in the zone of 3000 to 3050. If the stock manages to close above this levels then the stock can move to the levels of 3150 where 500 Daily SMA and 100 Weekly SMA is lying.

Broad range for the stock is seen from 2800 – 2850 on downside to 3000 – 3050 on upside.

Dr. Reddy Outlook for the Week (January 11, 2016 – January 15, 2016)

EquityPandit’s Outlook for Dr. Reddy for the week (January 11, 2016 – January 15, 2016):

 

DR. REDDY:

 

DRREDDY

 

Dr Reddy closed the week on negative note losing around 3.20%.

As we have mentioned last week that support for the stock lies in the zone of 3050 to 3100 from where the stock has broken down. If the stock manages to close below this levels then the stock can drift to the levels of 2940 from where the stock has broken out in the month of August – 2014. During the week the stock manages to hit a low of 2975 and close the week around the levels of 3010.

Support for the stock lies in the zone of 2940 from where the stock has broken out in the month of August – 2014. If the stock closes below this levels then the stock can drift to the levels of 2600 where 1000 Daily SMA and 200 Weekly SMA are lying.

Resistance for the stock lies in the zone of 3100 to 3150. If the stock manages to close above this levels then the stock can move to the levels of 3200 where 500 Daily SMA and 100 Weekly SMA is lying.

Broad range for the stock is seen from 2850 – 2900 on downside to 3200 – 3250 on upside.

Dr. Reddy Outlook for the Week (January 04, 2016 – January 08, 2016)

EquityPandit’s Outlook for Dr. Reddy for the week (January 04, 2016 – January 08, 2016):

 

DR. REDDY:

 

DRREDDY

 

Dr Reddy closed the week on positive note gaining around 3.30%.

As we have mentioned last week that resistance for the stock lies in the range of 3050 to 3100 from where the stock has broken down after forming a double bottom. If the stock manages to close above the levels of 3100 then the stock can move to the levels of 3200 where 500 Daily SMA and 100 Weekly SMA is lying. During the week the stock manages to hit a high of 3172 and retraced to close the week around the levels of 3108.

Support for the stock lies in the zone of 3050 to 3100 from where the stock has broken down. If the stock manages to close below this levels then the stock can drift to the levels of 2940 from where the stock has broken out in the month of August – 2014.

Strong resistance for the stock lies in the range of 3200 where 500 Daily SMA and 100 Weekly SMA is lying. If the stock manages to close above the levels of 3200 then the stock can move to the levels of 3300 where 100 Weekly SMA is positioned.

Broad range for the stock is seen from 2950 – 3000 on downside to 3200 – 3250 on upside.

Dr. Reddy Outlook for the Week (December 28, 2015 – January 01, 2016)

EquityPandit’s Outlook for Dr. Reddy for the week (December 28, 2015 – January 01, 2016):

 

DR. REDDY:

 

 

DRREDDY

 

 

Dr Reddy closed the week on positive note gaining around 1.30%.

As we have mentioned last week that resistance for the stock lies in the range of 3050 to 3100 from where the stock has broken down after forming a double bottom. If the stock manages to close above the levels of 3100 then the stock can move to the levels of 3200 where 500 Daily SMA and 100 Weekly SMA is lying. During the week the stock manages to hit a high of 3049 and retraced to close the week around the levels of 3012.

The stock is trading around the support zone of 2940 from where the stock has broken out in the month of August – 2014. If the stock closes below this levels then the stock can drift to the levels of 2500 where 1000 Daily SMA and 200 Weekly SMA are lying.

Resistance for the stock lies in the range of 3050 to 3100 from where the stock has broken down after forming a double bottom. If the stock manages to close above the levels of 3100 then the stock can move to the levels of 3200 where 500 Daily SMA and 100 Weekly SMA is lying.

Broad range for the stock is seen from 2850 – 2900 on downside to 3100 – 3150 on upside.

Dr. Reddy Outlook for the Week (December 21, 2015 – December 24, 2015)

EquityPandit’s Outlook for Dr. Reddy for the week (December 21, 2015 – December 24, 2015):

 

DR. REDDY:

 

 

DRREDDY

 

 

Dr Reddy closed the week on absolutely flat note.

As we have mentioned last week that resistance for the stock lies in the range of 3050 to 3100 from where the stock has broken down after forming a double bottom. If the stock manages to close above the levels of 3100 then the stock can move to the levels of 3200 where 500 Daily SMA and 100 Weekly SMA is lying. During the week the stock manages to hit a high of 3064 and retraced to close the week around the levels of 2974.

The stock is trading around the support zone of 2940 from where the stock has broken out in the month of August – 2014. If the stock closes below this levels then the stock can drift to the levels of 2500 where 1000 Daily SMA and 200 Weekly SMA are lying.

Resistance for the stock lies in the range of 3050 to 3100 from where the stock has broken down after forming a double bottom. If the stock manages to close above the levels of 3100 then the stock can move to the levels of 3200 where 500 Daily SMA and 100 Weekly SMA is lying.

The stock has formed a Inverted Hammer pattern on weekly charts in a downtrend indicating the trend reversal or exhaustion in selling pressure.

Broad range for the stock is seen from 2780 – 2800 on downside to 3100 – 3150 on upside.

Dr. Reddy Outlook for the Week (December 14, 2015 – December 18, 2015)

EquityPandit’s Outlook for Dr. Reddy for the week (December 14, 2015 – December 18, 2015):

 

DR. REDDY:

 

 

DRREDDY

 

 

Dr Reddy closed the week on negative note losing around 7.10%.

As we have mentioned last week that resistance for the stock lies in the zone of 3200 where 500 Daily and 100 Weekly SMA are positioned. If the stock manages to close above this levels then the stock can move to the levels of 3350 from where the stock has opened gap down on 26/11/2015. During the week the stock manages to hit a high of 3205 and sold off to close the week around the levels of 2969.

The stock is trading around the support zone of 2940 from where the stock has broken out in the month of August – 2014. The stock is in the free fall and every bounce should be used to sell the stock. If the stock closes below this levels then the stock can drift to the levels of 2500 where 1000 Daily SMA and 200 Weekly SMA are lying.

Resistance for the stock lies in the range of 3050 to 3100 from where the stock has broken down after forming a double bottom. If the stock manages to close above the levels of 3100 then the stock can move to the levels of 3200 where 500 Daily SMA and 100 Weekly SMA is lying.

Broad range for the stock is seen from 2780 – 2800 on downside to 3100 – 3150 on upside.

Dr. Reddy Outlook for the Week (December 07, 2015 – December 11, 2015)

EquityPandit’s Outlook for Dr. Reddy for the week (December 07, 2015 – December 11, 2015):

 

DR. REDDY:

 

 

DRREDDY

 

 

Dr Reddy closed the week on positive note gaining around 3.00%.

As we have mentioned last week that resistance for the stock lies in the zone of 3200 where 500 Daily and 100 Weekly SMA are positioned. If the stock manages to close above this levels then the stock can move to the levels of 3350 from where the stock has opened gap down on 26/11/2015. During the week the stock manages to hit a high of 3265 and retraced to close the week around the levels of 3195.

It seems the stock has made a medium term bottom around the levels of 3050 to 3100. The stock is trading around the strong support zone of 3200 where 500 Daily SMA is positioned. If the stock closes below this levels then the stock can drift to the levels of 3100 where medium term bottom is placed.

Resistance for the stock lies in the zone of 3250 where 100 Weekly SMA are positioned. If the stock manages to close above this levels then the stock can move to the levels of 3350 from where the stock has opened gap down on 26/11/2015.

Broad range for the stock is seen from 3050 – 3100 on downside to 3280 – 3330 on upside.

Dr. Reddy Outlook for the Week (November 30, 2015 – December 04, 2015)

EquityPandit’s Outlook for Dr. Reddy for the week (November 30, 2015 – December 04, 2015):

 

DR. REDDY:

 

 

DRREDDY

 

 

Dr Reddy closed the week on negative note losing around 7.50%.

As we have mentioned last week that during the week the stock broke the channel support and close below the support zone. Support for the stock lies in the range of 3250 where long term trend-line support and 100 Weekly SMA are positioned. If the stock closes below the levels of 3250 then the stock can drift to the levels of 3130 where 500 Daily SMA is positioned. During the week the stock broke all the support zone and drifted to the low of 3047 and close the week around the levels of 3099.

The stock is in freefall and there is no support visible in the short to medium term. The stock is in strong down-trend and very rise will be sold off.

Resistance for the stock lies in the zone of 3200 where 500 Daily and 100 Weekly SMA are positioned. If the stock manages to close above this levels then the stock can move to the levels of 3350 from where the stock has opened gap down on 26/11/2015.

Broad range for the stock is seen from 3000 – 3030 on downside to 3200 – 3230 on upside.

Dr. Reddy Outlook for the Week (November 23, 2015 – November 27, 2015)

EquityPandit’s Outlook for Dr. Reddy for the week (November 23, 2015 – November 27, 2015):

 

DR. REDDY:

 

 

DRREDDY

 

 

Dr Reddy closed the week on negative note losing around 1.0%.

As we have mentioned last week that the stock broke the channel support and close below the support zone. Support for the stock lies in the range of 3250 where long term trend-line support and 100 Weekly SMA are positioned. If the stock closes below the levels of 3250 then the stock can drift to the levels of 3130 where 500 Daily SMA is positioned. During the week the stock manages to hit a low of 3138 and close the week around the levels of 3353.

During the week the stock broke the channel support and close below the support zone. Support for the stock lies in the range of 3250 where long term trend-line support and 100 Weekly SMA are positioned. If the stock closes below the levels of 3250 then the stock can drift to the levels of 3130 where 500 Daily SMA is positioned.

Resistance for the stock lies in the range of 3450 to 3500 from where the stock has broken the channel support. If the stock closes above this levels then the stock can move to the levels of 3700 where 200 Daily SMA is positioned.

Broad range for the stock is seen from 3250 – 3280 on downside to 3480 – 3500 on upside.

Dr. Reddy Outlook for the Week (November 16, 2015 – November 20, 2015)

EquityPandit’s Outlook for Dr. Reddy for the week (November 16, 2015 – November 20, 2015):

 

DR. REDDY:

 

 

DRREDDY

 

 

Dr Reddy closed the week on negative note losing around 6.6%.

As we have mentioned last week that support for the stock lies in the range of 3400 to 3450 where channel support for the stock is lying. As seen from the chart the stock is moving in this channel since August – 2014. Minor support for the stock is lying around the levels of 3580 where trend-line joining the lows of 09/02/2015 and 16/06/2015 is positioned. During the week the stock broke all the support levels and drifted to the lower levels of 3250 where long term support zone for the stock is lying.

During the week the stock broke the channel support and close below the support zone. Support for the stock lies in the range of 3250 where long term trend-line support and 100 Weekly SMA are positioned. If the stock closes below the levels of 3250 then the stock can drift to the levels of 3130 where 500 Daily SMA is positioned.

Resistance for the stock lies in the range of 3450 to 3500 from where the stock has broken the channel support. If the stock closes above this levels then the stock can move to the levels of 3700 where 200 Daily SMA is positioned.

Broad range for the stock is seen from 3230 – 3250 on downside to 3500 – 3530 on upside.

Dr. Reddy Outlook for the Week (November 09, 2015 – November 13, 2015)

EquityPandit’s Outlook for Dr. Reddy for the week (November 09, 2015 – November 13, 2015):

 

DR. REDDY:

 

 

DRREDDY

 

 

Dr Reddy closed the week on negative note losing around 15%.

As we have mentioned last week that resistance for the stock lies in the range of 4320 to 4350 where trend-line joining highs is positioned. If the stock manages to move above this levels on closing basis then the stock can move to the levels of 4400. During the week the stock manages to hit a high of 4379 and sold off to the levels of 3630 on back of USFDA warning letter on company’s manufacturing units.

Resistance for the stock lies in the range of 3710 where 200 Daily SMA is positioned. If the stock manages to close above this levels then the stock can move to the levels of 4000 where 100 Daily SMA is positioned.

Support for the stock lies in the range of 3400 to 3450 where channel support for the stock is lying. As seen from the chart the stock is moving in this channel since August – 2014. Minor support for the stock is lying around the levels of 3580 where trend-line joining the lows of 09/02/2015 and 16/06/2015 is positioned.

Broad range for the stock is seen from 3450 – 3480 on downside to 3720 – 3750 on upside.

Dr. Reddy Outlook for the Week (November 02, 2015 – November 06, 2015)

EquityPandit’s Outlook for Dr. Reddy for the week (November 02, 2015 – November 06, 2015):

 

DR. REDDY:

 

 

DRREDDY

 

 

Dr Reddy closed the week on positive note gaining around 2.1%.

As we have mentioned last week that support for the stock lies in the range of 4120 to 4150 where short term moving averages are positioned. The stock has formed a double bottom around the levels of 4150. If the stock breaks below this levels then the stock can drift to the levels of 4000 where from the stock has broken out of the W – shaped pattern. During the week the stock manages to hit a low of 4080 and bounce to close the week around the levels of 4280.

Resistance for the stock lies in the range of 4320 to 4350 where trend-line joining highs is positioned. If the stock manages to move above this levels on closing basis then the stock can move to the levels of 4400.

Support for the stock lies in the range of 4130 to 4160 where short term moving averages are positioned. If the stock breaks below this levels then the stock can drift to the levels of 4050 where from the stock has broken out of the W – shaped pattern.

Broad range for the stock is seen from 4100 – 4130 on downside to 4250 – 4300 on upside.

Dr. Reddy Outlook for the Week (October 26, 2015 – October 30, 2015)

EquityPandit’s Outlook for Dr. Reddy for the week (October 26, 2015 – October 30, 2015):

 

DR. REDDY:

 

 

DRREDDY

 

 

Dr Reddy closed the week on negative note losing around 1.8%.

As we have mentioned last week that resistance for the stock lies in the range of 4290 to 4320 where trend-line joining highs is positioned. If the stock manages to move above this levels on closing basis then the stock can move to the levels of 4400. During the week the stock manages to hit a high of 4386 and retraced to close the week around the levels of 4188.

Resistance for the stock lies in the range of 4290 to 4320 where trend-line joining highs is positioned. If the stock manages to move above this levels on closing basis then the stock can move to the levels of 4400.

Support for the stock lies in the range of 4120 to 4150 where short term moving averages are positioned. The stock has formed a double bottom around the levels of 4150. If the stock breaks below this levels then the stock can drift to the levels of 4000 where from the stock has broken out of the W – shaped pattern.

The stock has formed a Shooting star pattern on weekly charts in an uptrend indicating the trend reversal. The stock has to close above the levels of 4386 to negate this pattern.

Broad range for the stock is seen from 4100 – 4130 on downside to 4250 – 4300 on upside.

Dr. Reddy Outlook for the Week (October 19, 2015 – October 23, 2015)

EquityPandit’s Outlook for Dr. Reddy for the week (October 19, 2015 – October 23, 2015):

 

DR. REDDY:

 

 

DRREDDY

 

 

Dr Reddy closed the week on absolutely flat note.

As we have mentioned last week that resistance for the stock lies in the range of 4290 to 4320 where trend-line joining highs is positioned. If the stock manages to move above this levels on closing basis then the stock can move to the levels of 4400. During the week the stock manages to hit a high of 4283 and close the week around the levels of 4265.

Resistance for the stock lies in the range of 4290 to 4320 where trend-line joining highs is positioned. If the stock manages to move above this levels on closing basis then the stock can move to the levels of 4400.

Support for the stock lies in the range of 4100 to 4150 where short term moving averages are positioned. The stock has formed a double bottom around the levels of 4150. If the stock breaks below this levels then the stock can drift to the levels of 4000 where from the stock has broken out of the W – shaped pattern.

The stock has been forming the Doji pattern on weekly charts in an uptrend indicating the indecision amongst the traders about the further direction of the stock.

Broad range for the stock is seen from 4150 – 4170 on downside to 4320 – 4350 on upside.

Dr. Reddy Outlook for the Week (October 12, 2015 – October 16, 2015)

EquityPandit’s Outlook for Dr. Reddy for the week (October 12, 2015 – October 16, 2015):

 

DR. REDDY:

 

 

DRREDDY

 

 

Dr Reddy closed the week on positive note gaining more than 0.5%.

As we have mentioned last week that resistance for the stock lies in the range of 4290 to 4320 where trend-line joining highs is positioned. If the stock manages to move above this levels on closing basis then the stock can move to the levels of 4400. During the week the stock manages to hit a high of 4304 and retraced back to the levels of 4186 and close the week around the levels of 4257.

Resistance for the stock lies in the range of 4290 to 4320 where trend-line joining highs is positioned. If the stock manages to move above this levels on closing basis then the stock can move to the levels of 4400.

Support for the stock lies in the range of 4100 to 4150 where short term moving averages are positioned.

The stock has been forming a Bearish pattern on daily charts in an uptrend.

Broad range for the stock is seen from 4150 – 4170 on downside to 4320 – 4350 on upside.

Dr. Reddy Outlook for the Week (October 05, 2015 – October 09, 2015)

EquityPandit’s Outlook for Dr. Reddy for the week (October 05, 2015 – October 09, 2015):

 

DR. REDDY:

 

 

DRREDDY

 

 

Dr Reddy closed the week on positive note gaining more than 6.5%.

As we have mentioned last week that on daily charts the stock has formed a double bottom at around the levels of 3850. The stock is moving in the declining triangle pattern. If the stock manages to close above the declining triangle pattern positioned around the levels of 4020 then the stock can hit the targets of around 4200. During the week the stock manages to hit a high of 4250 and close the week at virtually the highest point around the levels of 4233.

Resistance for the stock lies in the range of 4290 to 4320 where trend-line joining highs is positioned. If the stock manages to move above this levels on closing basis then the stock can move to the levels of 4400.

Support for the stock lies in the range of 4100 to 4150 where short term moving averages are positioned.

The stock has formed a Hanging man pattern on monthly charts in an uptrend indicating the trend reversal. The stock has to sustain above the levels of 4310 on monthly closing basis to negate this pattern.

Broad range for the stock is seen from 4150 – 4170 on downside to 4320 – 4350 on upside.

Dr. Reddy Outlook for the Week (September 28, 2015 – October 02, 2015)

EquityPandit’s Outlook for Dr. Reddy for the week (September 28, 2015 – October 02, 2015):

 

DR. REDDY:

 

 

DRREDDY

 

 

Dr Reddy closed the week on negative note losing around 0.9%.

As we have mentioned last week that if the stock closes below the levels of 3950 the stock can drift to the levels of 3750 to 3800. During the week the stock manages to hit a low of 3857 and bounce to close the week around the levels of 3970.

On daily charts the stock has formed a double bottom at around the levels of 3850. The stock is moving in the declining triangle pattern. If the stock manages to close above the declining triangle pattern positioned around the levels of 4020 then the stock can hit the targets of around 4200. Support for the stock lies in the range of 3850 to 3900 where the stock has formed a double bottom pattern. If the stock breaks below this levels then the stock can drift to the levels of 3700 where trend-line support for the stock is lying.

Resistance for the stock lies in the zone of 4000 to 4020 where 50 Daily EMA and declining triangle trend-line are positioned. If the stock manages to close above this levels then the stock can move to the levels of 4200.

The stock has formed a Hammer pattern on weekly charts in a downtrend indicating the trend reversal.

Broad range for the stock is seen from 3850 – 3900 on downside to 4150 – 4200 on upside.

Dr. Reddy Outlook for the Week (September 21, 2015 – September 25, 2015)

EquityPandit’s Outlook for Dr. Reddy for the week (September 21, 2015 – September 25, 2015):

 

DR. REDDY:

 

 

DRREDDY

 

 

Dr Reddy closed the week on absolutely flat note.

As we have mentioned last week that the resistance for the stock lies in the zone of 4050 to 4100 where short term moving averages are positioned. If the stock manages to close above this levels then the stock can move to the levels of 4200. The stock manages to hit a high of 4050 during the week.

Support for the stock lies in the range of 3950. If the stock closes below the levels of 3950 the stock can drift to the levels of 3750 to 3800 where 100 Daily SMA and trend-line support for the stock are positioned.

Resistance for the stock lies in the zone of 4050 to 4100 where short term moving averages are positioned. If the stock manages to close above this levels then the stock can move to the levels of 4200.

Stock has been moving in the tight range of 3950 to 4050 since last 10 days. A breakout on either side will move the stock further 4% to 5% in that direction.

Broad range for the stock is seen from 3800 – 3850 on downside to 4150 – 4200 on upside.

Dr. Reddy Outlook for the Week (September 14, 2015 – September 18, 2015)

EquityPandit’s Outlook for Dr. Reddy for the week (September 14, 2015 – September 18, 2015):

 

DR. REDDY:

 

DRREDDY

 

Dr Reddy closed the week on negative note losing around 1%.

As we have mentioned last week that the support for the stock lies in the zone of 4000 where upward moving trend-line and 50 Daily EMA is lying. Below the levels of 4000 the stock can move to the levels of 3870 where medium term trend-line support for the stock is lying and the stock manages to hit a low of 3851 during the week and bounce to close the week around the levels of 4014.

Support for the stock lies in the range of 3950. If the stock closes below the levels of 3950 the stock can drift to the levels of 3750 to 3800 where 100 Daily SMA and trend-line support for the stock are positioned.

Resistance for the stock lies in the zone of 4050 to 4100 where short term moving averages are positioned. If the stock manages to close above this levels then the stock can move to the levels of 4200.

Broad range for the stock is seen from 3800 – 3850 on downside to 4150 – 4200 on upside.

Dr. Reddy Outlook for the Week (September 07, 2015 – September 11, 2015)

EquityPandit’s Outlook for Dr. Reddy for the week (September 07, 2015 – September 11, 2015):

 

DR. REDDY:

 

DRREDDY

 

Dr Reddy closed the week on negative note losing more than 3%.

As we have mentioned last week that if the stock manages to close above the levels of 4250 the stock can move to the levels of 4350 to 4400, the stock manages to hit a high of 4320 during the week and sold off to the levels of 4025.

Support for the stock lies in the zone of 4000 where upward moving trend-line and 50 Daily EMA is lying. Below the levels of 4000 the stock can move to the levels of 3870 where medium term trend-line support for the stock is lying. If the stock closes below the levels of 3870 the stock can drift to the levels of 3700 where 100 Daily SMA is lying.

Resistance for the stock lies in the zone of 4200 to 4250 from where the stock has broken down above which the stock can move to the levels of 4400.

Broad range for the stock is seen from 3800 – 3850 on downside to 4250 – 4300 on upside.

Dr. Reddy Outlook for the Week (August 31, 2015 – September 04, 2015)

EquityPandit’s Outlook for Dr. Reddy for the week (August 31, 2015 – September 04, 2015):

 

DR. REDDY:

 

DRREDDY

 

Dr Reddy closed the week on negative note losing more than 1%.

As we have mentioned last week that the support for the stock lies in the zone of 4150 from where the stock has broken out of the channel. If the stock breaks below the levels of 4150 the stock can drift to the levels of 4000 where upward moving channel is positioned. The stock hit a low of 3932 during the week and bounce back to the levels of 4180.

If the stock manages to close above the levels of 4250 the stock can move to the levels of 4350 to 4400.

If the stock breaks below the levels of 4100 the stock can drift to the levels of sub 4000.

Support for the stock lies in the zone of 4100 where short term moving averages are positioned.

Resistance for the stock lies in the zone of 4300 above which the stock can move to the levels of 4400.

Broad range for the stock is seen from 3950 – 4000 on downside to 4350 – 4400 on upside.

Dr. Reddy Outlook for the Week (August 24, 2015 – August 28, 2015)

EquityPandit’s Outlook for Dr. Reddy for the week (August 24, 2015 – August 28, 2015):

 

DR. REDDY:

 

DRREDDY

 

Dr. Reddy closed the week on absolutely flat note.

As we have mentioned last week that the support for the stock lies in the zone of 4150 from where the stock has broken out of the channel pattern and during the week the stock hit a low of 4159 and bounce to the levels of 4327 and close the week around the levels of 4244.

The stock has formed a Doji pattern on weekly charts indicating the indecision among the traders about the further direction of the stock.

For the coming week if the stock manages to close above the levels of 4336 the stock can move to the levels of 4500.

During the week the stock is seen consolidating in the range of 4150 on downside to 4325 on upside. A break on either side will decide the further direction of the stock.

Support for the stock lies in the zone of 4150 from where the stock has broken out of the channel. If the stock breaks below the levels of 4150 the stock can drift to the levels of 4000 where upward moving channel is positioned.

Broad range for the stock is seen from 4100 – 4150 on downside to 4400 – 4450 on upside.

Dr. Reddy Outlook for the Week (August 17, 2015 – August 21, 2015)

EquityPandit’s Outlook for Dr. Reddy for the week (August 17, 2015 – August 21, 2015):

 

DR. REDDY:

 

DRREDDY

 

Dr Reddy closed the week on absolutely flat note.

As we have mentioned last week that if the stock manages to close above the levels of 4326 the stock can move to the levels of 4500, but the stock could not close above this level and sold off to the levels of 4250 during the week.

The stock has formed a Doji pattern on weekly charts indicating the indecision among the traders about the further direction of the stock.

For the coming week if the stock manages to close above the levels of 4336 the stock can move to the levels of 4500.

During the week the stock is seen consolidating in the range of 4180 on downside to 4336 on upside. A break on either side will decide the further direction of the stock.

Support for the stock lies in the zone of 4150 from where the stock has broken out of the channel.

Broad range for the stock is seen from 4100 – 4150 on downside to 4400 – 4450 on upside.

Dr. Reddy Outlook for Next Week (August 03, 2015 – August 07, 2015)

EquityPandit’s Outlook for Dr. Reddy for week (August 03, 2015 – August 07, 2015):  

 

DR. REDDY:

 

DRREDDY

 

 

Dr. Reddy (NSE: DRREDDY) closed the week on positive note gaining more than 4%.

As we have been mentioning since last 2 weeks that if the stock manages to cross above the channel resistance positioned around the levels of 3950, we may see stock moving towards the levels of 4100 and stock made the high of 4076 during the week.

Support for the stock lies in the zone of 3965 from where the stock broke out.

Resistance for the stock lies in the zone of 4150 to 4200 where upper end of the channel is positioned.

Broad range for the stock is seen from 3900 – 3950 on downside to 4150 – 4200 on upside.