Dr. Reddy Outlook for the Week (Aug 03,2020 – Aug 07,2020)

Stock closed the week on favorable note getting +11.19%.

Dr. Reddy Share Prcie: 4521.05 (NSE).

DRREDDY Weekly Support & & Resistance Levels:.

RESISTANCE 2.
4785.00.

RESISTANCE 1.
4650.00.

The stock is on brand-new high and highly moving in uptrend. It broke the resistance level with excellent volume. The trend for DREDDY is bullish and it can continue to move towards 4800 level in coming trading sessions.

Week Low: 3962.95.

Week High: 4560.00.

Stock is trading above 200 days rapid moving average, suggests long term trend is bearish. EquityPandit anticipates Range for the week as 4800 on advantage and 4180 on downside.

SUPPORT 1.
4325.00.

SECTOR: PHARMA.

For the Week: (Aug 03,2020– Aug 07,2020).

SECTOR: PHARMA.

The stock is on brand-new high and strongly relocating uptrend. It broke the resistance level with excellent volume. The trend for DREDDY is bullish and it can continue to move towards 4800 level in coming trading sessions.

If stock breaches small assistance on the disadvantage and closes listed below it we might see fresh break down and stock can drag towards Major Support on lower side @ 4185 and If stock breaches small resistance on the advantage and closes above it we might see fresh breakout and stock can head towards Major Resistances Level @ 4785.

Week Range: 597.05 Points.

SUPPORT 2.
4185.00.

Technically on the day-to-day charts EquityPandits Analyst see: Minor support on the downside lies at 4325 levels, Minor resistance on the advantage is topped around 4650 levels.