DRREDDY Weekly Outlook and Analysis:
For the Week: (Nov 07, 2022 – Nov 11, 2022)
BSE: 500180| NSE: DRREDDY| ISIN: INE040A01026| SECTOR: PHARMA
Stock closed the Weekly on negative note loosing 1.46%
Dr Reddy Share Price: 4525.10
Weekly High: 4645
Weekly Low: 4344.65
Weekly Range: 65.15 Points
Weekly Support & Resistance For DR. Reddy:
Technically on the daily charts EquityPandit’s Analyst see: Minor support on the downside lies at 4365 levels, Minor resistance on the upside is capped around 4665 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 @ 4203 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 @ 4805.
Stock is trading above 200 days exponential moving average, suggests long term trend is bullish. EquityPandit predicts Range for the Weekly as 4805 on upside and 4203 on downside.