Check DRREDDY Full Analysis At Unicorn Signals

DRREDDY Weekly Outlook and Analysis:

For the Week: (Mar 13, 2023 – March 17, 2023)

BSE: 500180| NSE: DRREDDY| ISIN: INE040A01026| SECTOR: PHARMA

Stock closed the Weekly on negative note loosing 0.96%

Dr Reddy Share Price: 4395.55                

Weekly High: 4458.80

Weekly Low: 4350.00

Weekly Range: 42.40  Points

Weekly Support & Resistance For DR. Reddy:

RESISTANCE 2	4509
RESISTANCE 1	4452
SUPPORT 1	4344
SUPPORT 2	4293

Technically on the daily charts EquityPandit’s Analyst see: Minor support on the downside lies at 4344 levels, Minor resistance on the upside is capped around 4452 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 @ 4293 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 @ 4509.

Stock is trading on 200 days exponential moving average, suggests long term trend is nutral. EquityPandit predicts Range for the Weekly as 4509 on upside and 4293 on downside.