Check DRREDDY Full Analysis At Unicorn Signals

DRREDDY Weekly Outlook and Analysis:

For the Week: (Oct 31, 2022 – Nov 04, 2022)

Check DRREDDY Full Analysis At Unicorn Signals

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

Stock closed the Weekly on positive note gaining 2.98%

Dr Reddy Share Price: 4459.95               

Weekly High: 4519

Weekly Low: 4355

Weekly Range: 129.15 Points

Weekly Support & Resistance For DR. Reddy:

RESISTANCE 2	4608
RESISTANCE 1	4599
SUPPORT 1	4369
SUPPORT 2	4280

Technically on the daily charts EquityPandit’s Analyst see: Minor support on the downside lies at 4369 levels, Minor resistance on the upside is capped around 4599 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 @ 4280 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 @ 4608.

Stock is trading above 200 days exponential moving average, suggests long term trend is bullish. EquityPandit predicts Range for the Weekly as 4608 on upside and 4280 on downside.