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Check DRREDDY Full Analysis At Unicorn Signals
DRREDDY Weekly Outlook and Analysis:
For the Week: (Aug 22, 2022 – Aug 26, 2022)
Check DRREDDY Full Analysis At Unicorn Signals
BSE: 500180| NSE: DRREDDY| ISIN: INE040A01026| SECTOR: PHARMA
Stock closed the Weekly on Negative note loosing 1.33%
Dr Reddy Share Price: 4204
Weekly High: 4329.90
Weekly Low: 4133.35
Weekly Range: 56.80 Points
Weekly Support & Resistance For DR. Reddy:
| RESISTANCE 2 | 4275 |
| RESISTANCE 1 | 4329 |
| SUPPORT 1 | 4133 |
| SUPPORT 2 | 4204 |
Technically on the daily charts EquityPandit’s Analyst see: Minor support on the downside lies at 4133 levels, Minor resistance on the upside is capped around 4329 levels.
If stock breaches minor support on the downside and closes below it we may see fresh break down and stock can drag towards Major Support on lower side @ 4204 and If stock breaches minor resistance on the upside and closes above it we may see fresh breakout and stock can head towards Major Resistances Level @ 4275.
Stock is trading below 200 days exponential moving average, suggests long term trend is bearish. EquityPandit predicts Range for the Weekly as 4275 on upside and 4204 on downside.
