DR REDDY - Cup & Handle bullish pattern- DR REDDY - Cup & Handle bullish pattern
- Medium risk-reward ratio
- Stock has retraced in current market selling spree
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67.90 INR
56.54 B INR
325.54 B INR
603.41 M
About DR. REDDY S LABORATORIES
Sector
Industry
CEO
Erez Israeli
Website
Headquarters
Hyderabad
Founded
1984
ISIN
INE089A01031
FIGI
BBG000CQND59
Dr. Reddy's Laboratories Ltd. engages in the manufacture and marketing of pharmaceutical products. It operates through the following segments: Global Generics, Pharmaceutical Services and Active Ingredients, and Others. The Global Generics segment consists of manufacturing and marketing of prescription and over-the-counter finished pharmaceutical products ready for consumption by the patient, marketed under a brand name or as generic finished dosages with therapeutic equivalence to branded formulations. The Pharmaceutical Services and Active Ingredients segment focuses on manufacturing and marketing of active pharmaceutical ingredients and intermediates, also known as API, which are the principal ingredients for finished pharmaceutical products. The Others segment includes the operations of the subsidiary of the company. The company was founded by Kallam Anji Reddy on February 24, 1984 and is headquartered in Hyderabad, India.
DR REDDY GAP DOWN IN 3rd WAVEwe clearly see GAP DOWN in 3rd wave of the 5 waves of the C wave. What does this indicates? A fall to complete the 3rd wave was quick. we are done with 3rd wave and in the process to complete the 4th wave.
Possibilities:
*) Downward it can go to 1148-1160 to complete the 5th wave.
*) It may
Breakdown on DR.Reddys Sell idea on Dr Reddy Lab. as an bearing Flag and Pole Pattern is in making and if the support breaks its a sell as can be seen in CHART
Dr. Reddy's: Cypher Pattern and Support Level AnalysisDr. Reddy's Laboratories has formed a cypher pattern and is finding support around the ₹1200 level, after a recent 15% fall. Dr. Reddy's shares are trading at ₹1250.20, reflecting a 1.85% change for the day1. The company exhibits low volatility compared to the market, with a six-month beta of 0.2055
DRREDDY crossed below the crescent moon channelDRREDDY has broken down the crescent moon channel that I was following since Aug 2015.
Market is also hyper bearish. Look for short opportunities.
Target 1: 1170
Add more short positions on close below 1170.
#drreddy, Make or Break levelMake or break level. Given respect to resistance after bad results. All eye on budget. One more bad news Investors will be in hurry to drop from this
DR Reddy's - Two Possible ScenarioCurrently Stock in mild down trend to sideways
Area 1310 - 1330 become crucial
Any close above 1330 will take the stock back to 1400 & higher
Any close below 1310 will make it bearish for quite some time
Then it will give an opportunity to sell on pull back
Downside targets of 1270 & 1250 may follow
VIEW ON DRREDDYBreakout on the monthly chart
Stock has outperformed pharma sector this month
Stock has formed strong green candle after 3 months consecutive red candles
Target 1650/1850
Stop loss 1220
I am just representing my views
For educational purpose only.
Resilient Sector Stock and breakout of important resistance Rational:
1. Pharma sector is one of the resilient sector in current market fall.
2. Returning to this price level after 2 months. For the third time at this level and trying to breach the level for last 3 days.
3. Entry at the breakout of this level with SL of around 4.4%. Entry : 1370; SL: 1310; T
Dr. Reddy's Laboratories LtdThe daily chart of Dr. Reddy's Laboratories Ltd (DRREDDY) on the NSE indicates a bullish setup, with the price trading above the 50-day SMA (1268.29), 200-day SMA (1275.84), and 21-day EMA (1261.02). A downward trendline highlights resistance near 1368, while an upward trendline indicates accumulati
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Summarizing what the indicators are suggesting.
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An aggregate view of professional's ratings.
Neutral
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Strong sellStrong buy
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Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.
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Frequently Asked Questions
The current price of DRREDDY is 1,236.30 INR — it has decreased by −0.85% in the past 24 hours. Watch DR. REDDY S LABORATORIES stock price performance more closely on the chart.
Depending on the exchange, the stock ticker may vary. For instance, on NSE exchange DR. REDDY S LABORATORIES stocks are traded under the ticker DRREDDY.
DRREDDY stock has risen by 4.94% compared to the previous week, the month change is a 6.02% rise, over the last year DR. REDDY S LABORATORIES has showed a 5.04% increase.
We've gathered analysts' opinions on DR. REDDY S LABORATORIES future price: according to them, DRREDDY price has a max estimate of 1,588.00 INR and a min estimate of 1,010.00 INR. Watch DRREDDY chart and read a more detailed DR. REDDY S LABORATORIES stock forecast: see what analysts think of DR. REDDY S LABORATORIES and suggest that you do with its stocks.
DRREDDY reached its all-time high on Aug 21, 2024 with the price of 1,421.50 INR, and its all-time low was 7.20 INR and was reached on Dec 10, 1996. View more price dynamics on DRREDDY chart.
See other stocks reaching their highest and lowest prices.
See other stocks reaching their highest and lowest prices.
DRREDDY stock is 3.30% volatile and has beta coefficient of 0.71. Track DR. REDDY S LABORATORIES stock price on the chart and check out the list of the most volatile stocks — is DR. REDDY S LABORATORIES there?
Today DR. REDDY S LABORATORIES has the market capitalization of 1.02 T, it has increased by 4.03% over the last week.
Yes, you can track DR. REDDY S LABORATORIES financials in yearly and quarterly reports right on TradingView.
DR. REDDY S LABORATORIES is going to release the next earnings report on Jul 24, 2025. Keep track of upcoming events with our Earnings Calendar.
DRREDDY earnings for the last quarter are 19.11 INR per share, whereas the estimation was 18.18 INR resulting in a 5.13% surprise. The estimated earnings for the next quarter are 18.89 INR per share. See more details about DR. REDDY S LABORATORIES earnings.
DR. REDDY S LABORATORIES revenue for the last quarter amounts to 85.06 B INR, despite the estimated figure of 83.87 B INR. In the next quarter, revenue is expected to reach 86.03 B INR.
DRREDDY net income for the last quarter is 15.94 B INR, while the quarter before that showed 14.04 B INR of net income which accounts for 13.54% change. Track more DR. REDDY S LABORATORIES financial stats to get the full picture.
Yes, DRREDDY dividends are paid annually. The last dividend per share was 40.00 INR. As of today, Dividend Yield (TTM)% is 0.66%. Tracking DR. REDDY S LABORATORIES dividends might help you take more informed decisions.
DR. REDDY S LABORATORIES dividend yield was 0.70% in 2024, and payout ratio reached 11.79%. The year before the numbers were 0.65% and 11.95% correspondingly. See high-dividend stocks and find more opportunities for your portfolio.
Like other stocks, DRREDDY shares are traded on stock exchanges, e.g. Nasdaq, Nyse, Euronext, and the easiest way to buy them is through an online stock broker. To do this, you need to open an account and follow a broker's procedures, then start trading. You can trade DR. REDDY S LABORATORIES stock right from TradingView charts — choose your broker and connect to your account.
Investing in stocks requires a comprehensive research: you should carefully study all the available data, e.g. company's financials, related news, and its technical analysis. So DR. REDDY S LABORATORIES technincal analysis shows the buy rating today, and its 1 week rating is strong buy. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1 month rating DR. REDDY S LABORATORIES stock shows the buy signal. See more of DR. REDDY S LABORATORIES technicals for a more comprehensive analysis.
If you're still not sure, try looking for inspiration in our curated watchlists.
If you're still not sure, try looking for inspiration in our curated watchlists.