DRREDDY–Weekly Chart AnalysisThe stock is currently trading near ₹1,322 and is once again testing the long-term descending trendline resistance that has capped every rally since 2023. This resistance lies in the ₹1,345–₹1,348 zone and represents the key decision point for the next move.
Bullish Scenario (if breakout holds)
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0.678 EUR
618.19 M EUR
3.56 B EUR
832.34 M
About Dr. Reddy's Laboratories Ltd.
Sector
Industry
CEO
Erez Israeli
Website
Headquarters
Hyderabad
Founded
1984
ISIN
US2561352038
FIGI
BBG000NX6460
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.
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DRREDDY Bullish ProjectionMETHODOLOGY SUMMARY
Mathematical Transformation: Uses square root, cube root, and 4th root of price to identify natural support/resistance levels
Perfect Level Calculation: Round roots to nearest integer, then power back to create "perfect" mathematical anchors
Multi-Timeframe Analysis:
Sq
Dr. Reddy's (Weekly Timeframe) - Potential BreakOut?Dr. Reddy's Laboratories is currently in a phase of strategic consolidation. After a remarkable 93.63% uptrend that began in March 2022, the stock has settled into a well-defined triangle formation since August 2024. This pattern suggests a temporary equilibrium between buyers and sellers as the mar
NSE:DRREDDY - Medium Term Swing Trade Opprotunity💹 Weekly Charts::
Price is consolidating around ₹1,300 after a bounce from the ₹1,150–1,180 zone (strong support zone).
Major resistance levels:
₹1,350–1,360 (R1 zone & trendline resistance)
₹1,415 (swing high and R2 zone)
Weekly RSI ~60, showing improving momentum but not yet overbought.
MACD
Dr Reddys Lab cmp 1291.30 by Daily Chart viewDr Reddys Lab cmp 1291.30 by Daily Chart view
- Support Zone 1240 to 1265 Price Band
- Resistance Zone 1300 to 1335 Price Band
- Breakout from Falling Resistance Trendline
- Bullish Rising Price Channel with intermittent highs and lows
- Recent history repeating by Breakout from Falling Resistance
DR REDDY VCPStock is forming a classic Volatility Contraction Pattern (VCP) on the daily chart. Each consolidation is getting tighter, showing supply absorption. Volume is drying up on pullbacks, while demand is visible on upswings.
✅ Strong pharma sector tailwinds (export + domestic)
✅ Macro catalysts: globa
Dr. Reddy’s at Critical Zone – Double Top + Wedge Breakdown Dr. Reddy’s Laboratories Ltd. (1H Timeframe) –
Price Action & Structure
The stock is currently trading around ₹1,256, facing strong supply pressure from the ₹1,280–₹1,300 OrderBlock zone.
A Rising Wedge pattern was formed during the recent uptrend, which usually indicates trend exhaustion and p
DRREDDYDRREDDY - The stock is showing strength as it trades above all the key EMAs, indicating bullish momentum. A clear volume pickup is visible, adding confirmation to the move.
After a healthy retracement, price has broken above the immediate resistance zone. If it sustains this breakout, there’s a st
Dr Reddy : LongDR. Reddy’s Laboratories is showing a falling wedge pattern, which is typically considered a bullish reversal signal.
EMA Analysis: The price is trading above the 10, 20, and 200 EMAs, confirming the short-, medium-, and long-term bullish trend. A successful breakout above the descending trendline
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Displays a symbol's price movements over previous years to identify recurring trends.