DRREDDY Weekly Outlook and Analysis:
For the Week: (Jan 23, 2023 – Jan 27, 2023)
BSE: 500180| NSE: DRREDDY| ISIN: INE040A01026| SECTOR: PHARMA
Stock closed the Weekly on positive note gaining 0.70%
Dr Reddy Share Price: 4350.60
Weekly High: 4394.95
Weekly Low: 4280
Weekly Range: 30.20 Points
Weekly Support & Resistance For DR. Reddy:
Technically on the daily charts EquityPandit’s Analyst see: Minor support on the downside lies at 4288 levels, Minor resistance on the upside is capped around 4402 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 @ 4227 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 @ 4455.
Stock is trading on 200 days exponential moving average, suggests long term trend is nutral. EquityPandit predicts Range for the Weekly as 4455 on upside and 4227 on downside.