EquityPandit’s Outlook for Dr. Reddy for the week (June 10, 2019 – June 14, 2019)

DR. REDDY:

DRRDDY Ltd.

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

Stock closed the week on positive note gaining +0.51%

Technically on the daily charts EquityPandit’s Analyst see: Minor support on the downside lies at 2530 levels, Minor resistance on the upside is capped around 2700 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 @ 2405 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 @ 2800

Stock is trading above 200 days exponential moving average, suggests long term trend is bullish. EquityPandit predicts Range for the week as 2800 on upside and 2405 on downside.