DRREDDY Weekly Outlook and Analysis:
For the Week: (Dec 26, 2022 – Dec 30, 2022)
BSE: 500180| NSE: DRREDDY| ISIN: INE040A01026| SECTOR: PHARMA
Stock closed the Weekly on negative note loosing 0.03%
Dr Reddy Share Price: 4310.45
Weekly High: 4456
Weekly Low: 4291.25
Weekly Range: 1.35 Points
Weekly Support & Resistance For DR. Reddy:
Technically on the daily charts EquityPandit’s Analyst see: Minor support on the downside lies at 4248 levels, Minor resistance on the upside is capped around 4413 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 @ 4187 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 @ 4517.
Stock is trading below 200 days exponential moving average, suggests long term trend is bearish. EquityPandit predicts Range for the Weekly as 4517 on upside and 4187 on downside.