DRREDDY Delivery Buy DRREDDY Above 1290 Stop Loss 1228 Targets 1350-1415Dr. Reddy's Laboratories Ltd. Sponsored ADR forum
DRREDDY Delivery Buy DRREDDY Above 1290 Stop Loss 1228 Targets 1350-1415
DRREDDY As of June 6, 2025, Dr. Reddy's Laboratories Ltd. (NSE: DRREDDY) is trading at approximately ₹1,290.60, reflecting a 3.04% increase over the previous day.
📊 Daily Pivot Points (Classic Method)
Based on the previous day's high, low, and close, the daily pivot levels are:
Pivot Point: ₹1,307.93
Support Levels:
S1: ₹1,286.07
S2: ₹1,268.73
S3: ₹1,246.87
Resistance Levels:
R1: ₹1,325.27
R2: ₹1,347.13
R3: ₹1,369.99
📈 Fibonacci Pivot Points
Using Fibonacci calculations, the levels are:
Pivot Point: ₹1,307.93
Support Levels:
S1: ₹1,286.07
S2: ₹1,268.73
S3: ₹1,246.87
Resistance Levels:
R1: ₹1,325.27
R2: ₹1,347.13
R3: ₹1,369.99
🔍 Camarilla Pivot Points
Derived using the Camarilla method:
Pivot Point: ₹1,286.07
Support Levels:
S1: ₹1,269.04
S2: ₹1,279.82
S3: ₹1,283.41
Resistance Levels:
R1: ₹1,294.19
R2: ₹1,297.79
R3: ₹1,301.38
📌 Trading Insights
Immediate Support: ₹1,286.07 (Classic S1)
Immediate Resistance: ₹1,325.27 (Classic R1)
Traders may consider these levels for setting stop-loss and take-profit orders. A break above ₹1,325.27 could signal bullish momentum, while a drop below ₹1,286.07 might indicate bearish pressure.
DRREDDY Delivery Buy DRREDDY Above 1305 Stop Loss 1260 Targets 1350-1397DRREDDY Delivery Buy DRREDDY Above 1333 Stop Loss 1242 Targets 1425-1520
DRREDDY is good on chart across 650Entry - 6082
SL - 5960
Target 1- 6203
Target 2- 6325
target 3- 6447
DRREDDY IT will break 6500 soon
DRREDDY 1. Negative trend
2. Hold short positions with a SL of 6080
DRREDDY Today's bearish candle confirms the formation of a double top pattern. The degree of decline in STMA band shows weakness in price. Also recently the price has broken the structure with a strong bullish candle. So, the probability of retesting lower levels is high and according to my strategy we are in a no trade zone.
DRREDDY looks bullish near term
DRREDDY Here, is the chart for your reference and once it break and sustain above 6000+ only then you can expect long move