Dr. Reddy Outlook for the Week (Nov 09,2020 – Nov 13,2020)

SECTOR: PHARMA.

RESISTANCE 1.
5640.00.

Technically on the everyday charts EquityPandits Analyst see: Minor assistance on the downside lies at 4680levels, Minor resistance on the benefit is topped around 5640 levels.

Weekly Range: 178.50 Points.

ASSISTANCE 1.
4680.00.

Weekly Low: 4820.80.

RESISTANCE 2.
5815.00.

DrReddy Share Price: 4902.95 (NSE).

Weekly High: 4999.30.

If stock breaches small assistance on the drawback and closes listed below it we may see fresh break down and stock can drag towards Major Support on lower side @ 4480 and If stock breaches small resistance on the upside and closes above it we may see fresh breakout and stock can head towards Major Resistances Level @ 5815.

SECTOR: PHARMA.

Weekly Support & & Resistance For DR. Reddy:.

ASSISTANCE 2.
4480.00.

On the everyday chart of DrReddy, stock originated from top and take assistance near 4800 cost zone, stock in excellent favorable pattern and take assistance of pattern line.

For the Week: (Nov 09,2020– Nov 13,2020).

Stock is trading above 200 days rapid moving average, suggests long term trend is bearish. EquityPandit forecasts Range for the Weekly as 6000 on benefit and 4400 on downside.

Stock closed the Weekly on favorable note getting +0.29%.