Is DR. REDDY'S LABORATORIES in uptrend or downtrend?

In the short term price movements in DRREDDY share indicates the market is Sideways. However, the bulls are trying to absorb supply to take control.

What is DR. REDDY'S LABORATORIES share price forecast for tomorrow?

In Dr. Reddy's Laboratories Limited stock current resistance level is at 1322 and support level is at 1237. Though market is closer to support level there are good chances till these ranges are broken, market would stay Sideways.

What are DR. REDDY'S LABORATORIES support and resistance levels?

The resistance level is an area where sellers get activated. It varies by the time frame of the analysis. For Dr. Reddy's Laboratories Limited in the short-term, the supply zone around 1322 and 1320. Hence, good chances of resistance around 1320. The support level is an area where buyers get activated at an attractive price zone to buy. It's a price zone where buyers wait for the market to reach to trigger their buy orders. The demand zone for Dr. Reddy's Laboratories Limited share is around 1237 and 1240. Hence, good chances for support around 1240.

Why is DR. REDDY'S LABORATORIES share price falling today?

Perhaps DRREDDY stock is just having volatility. It can be viewed as an opportunity, unless overall long term trend and mid term trend is Bearish.

DR. REDDY'S LABORATORIES Share Price | Forecast Analysis

Analyzing Market Data

Analyzing Market Data