Dr. Reddy Outlook for the Week (Sept 04,2020 – Sept 18,2020)

RESISTANCE 2.
4675.00.

Weekly High: 4481.50.

RESISTANCE 1.
4555.00.

DrReddy Share Price: 4401.60 (NSE).

ASSISTANCE 1.
4180.00.

ASSISTANCE 2.
4030.00.

Stock closed the Weekly on favorable note getting +1.83%.

Weekly Range: 186.25 Points.

SECTOR: PHARMA.

Stock is trading above 200 days exponential moving average, suggests long term trend is bearish. EquityPandit forecasts Range for the Weekly as 4700 on upside and 4000 on disadvantage.

Weekly Support & & Resistance For DR. Reddy:.

Technically on the daily charts EquityPandits Analyst see: Minor support on the drawback lies at 4180levels, Minor resistance on the advantage is topped around 4555 levels.

Weekly Low: 4295.25.

On the everyday chart of DrReddy, profit reservation has actually been seen in the counter considering that last 2 weeks, but pattern for the stock is still up and build-up can be seen on the everyday charts.

SECTOR: PHARMA.

For the Week: (Sept 04,2020– Sept 18,2020).

If stock breaches minor assistance on the downside and closes listed below it we might see fresh break down and stock can drag towards Major Support on lower side @ 4030 and If stock breaches minor resistance on the benefit and closes above it we might see fresh breakout and stock can head towards Major Resistances Level @ 4675.