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Dr Reddy Lab Share Price Target - Tomorrow, Next Week & Next Month
Dr. Reddy's Laboratories Limited | |||
 | Symbol: DRREDDY | ||
| Price: ₹6,353.7 | |||
| Exchange: NSE | |||
| Healthcare -> Drug Manufacturers - Specialty & Generic | |||
Show Table of Contents
Table of Contents
- 1: Dr Reddy Lab Recent Performance
- 2: Chart: Dr Reddy Lab Share Price Target - Tomorrow
- 3: Table: Dr Reddy Lab Share Price Target - Tomorrow
- 4: Summary: Dr Reddy Lab Share Price Prediction For Tomorrow
- 5: Chart: Dr Reddy Lab Share Price Target - Next Week
- 6: Table: Dr Reddy Lab Share Price Target - Next Week
- 7: Summary: Dr Reddy Lab Share Price Prediction For Next Week
- 8: Chart: Dr Reddy Lab Share Price Target - Next Month
- 9: Table: Dr Reddy Lab Share Price Target - Next Month
- 10: Summary: Dr Reddy Lab Share Price Prediction For Next Month
Dr Reddy Lab Recent Performance
Over the past 25 trading days, the value of Dr Reddy Lab's stock has increased by ₹481.00 (+8.19%). On 27 May 2024, one share was worth ₹5872.70 and by 01 Jul 2024, the value jumped to ₹6353.70. During this period it created a highest high of ₹6479.89 and lowest low of ₹5600.00.
Below Image represents line chart of daily close price of Dr Reddy Lab, helping you visualize how the price has changed day by day.
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Chart: Dr Reddy Lab Share Price Target - Tomorrow
The line chart displays the Dr Reddy Lab daily closing prices for the past 25 trading days using a black line. The green line indicates the potential targets, while the red line shows the potential Stop-Loss (SL) levels.
For detailed target and stop loss values for Dr Reddy Lab shares for Mon 01 Jul 2024, see the table below.
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Table: Dr Reddy Lab Share Price Target - Tomorrow
By analyzing Dr Reddy Lab stock with today and past crucial price points and technical indicators we derived following targets for Tomorrow: Tue, 02 Jul, 2024!
| Dr Reddy Lab's Levels | Value | Reason/Importance |
|---|---|---|
| Tomorrow Target 3 | 6629.51 (+4.34%) | Price Action: Chart |
| Tomorrow Target 2 | 6505.90 (+2.39%) | Price Action: Feb 2024 High |
| Tomorrow Target 1 | 6420.00 (+1.04%) | Price Action: Jun 2024 High |
| Current Price | 6353.70 | Dr Reddy Lab's 1 share price as of Mon 01 Jul 2024 |
| Stop Loss 1 | 6337.25 (-0.26%) | Price Action: Jul 2024 Low |
| Stop Loss 2 | 6310.75 (-0.68%) | Price Action: Apr 2024 High |
| Stop Loss 3 | 6251.04 (-1.62%) | Price Action: Jun 2024 Low |
Summary: Dr Reddy Lab Share Price Prediction For Tomorrow
Mon 01 Jul 2024: Dr Reddy Lab finished the day at ₹6353.70, losing ₹-48.65 (-0.76%) in 1 day.
In summary, our analysis of Dr Reddy Lab for tomorrow predicts a rise of 1.04% to 4.34% with three potential targets T1: ₹6420.00, T2: ₹6505.90, T3: ₹6629.51 and Stop-Loss (SL) at SL1: ₹6337.25, SL2: ₹6310.75, SL3: ₹6251.04.
Additionally, we've identified a support level at ₹6337.25 — think of this as a safety net where the price might stop falling and there's also a resistance level at ₹6479.89, which is like a ceiling at which the price might have a hard time breaking through. These targets are based on our study of past trends and technical analysis using various indicators.
Over the last 25 trading days, the stock has jumped 8.19%, indicating it could be a good option for trading or short-term investment. During this period, its price fluctuated between 6479.89 and 5600.00.
After looking at tomorrow's share price prediction, let's now check what next week might hold for Dr Reddy Lab.
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Chart: Dr Reddy Lab Share Price Target - Next Week
The chart displays the Dr Reddy Lab weekly closing prices for the past 25 trading weeks using a black line. It also shows three targets using a green line, while the red line shows the potential Stop-Loss (SL) levels for next week.
For detailed target and stop loss values for Dr Reddy Lab shares for next week, see the table below.
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Table: Dr Reddy Lab Share Price Target - Next Week
By analyzing Dr Reddy Lab stock with today and past crucial price points and technical indicators we derived following targets for the next week!
| Dr Reddy Lab's Levels | Value | Reason/Importance |
|---|---|---|
| Next Week Target 3 | 6682.67 (+5.17%) | Custom Fibonacci Extension Lvl 64.9% |
| Next Week Target 2 | 6599.52 (+3.86%) | Fibonacci Extension Level 123.6% |
| Next Week Target 1 | 6473.00 (+1.87%) | Price Action: Mar 2024 High |
| Current Price | 6353.70 | Dr Reddy Lab's 1 share price as of Mon 01 Jul 2024 |
| Stop Loss 1 | 6310.75 (-0.68%) | Price Action: Apr 2024 High |
| Stop Loss 2 | 6226.45 (-2.01%) | Fibonacci Retracement Level 50% |
| Stop Loss 3 | 6157.64 (-3.09%) | Price Action: 10 Jun 2024 High |
Summary: Dr Reddy Lab Share Price Prediction For Next Week
As of Mon 01 Jul 2024, Dr Reddy Lab share price stands at ₹6353.70, losing ₹-48.65 (-0.76%) in this week.
In summary, our analysis of Dr Reddy Lab for next week predicts a rise of 1.87% to 5.17% with three potential targets T1: ₹6473.00, T2: ₹6599.52, T3: ₹6682.67 and Stop-Loss (SL) at SL1: ₹6310.75, SL2: ₹6226.45, SL3: ₹6157.64.
Additionally, we've identified a support level at ₹6337.25 — think of this as a safety net where the price might stop falling and there's also a resistance level at ₹6479.89, which is like a ceiling at which the price might have a hard time breaking through.
After looking at tomorrow's and next week's share price prediction, let's now check what next month might hold for Dr Reddy Lab.
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Chart: Dr Reddy Lab Share Price Target - Next Month
The chart displays the Dr Reddy Lab monthly closing prices for the past 25 months using a black line. It also shows three targets using green line, while the red line shows the potential Stop-Loss (SL) levels.
For detailed target and stop loss values for Dr Reddy Lab shares for next month, see the table below.
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Table: Dr Reddy Lab Share Price Target - Next Month
By analyzing Dr Reddy Lab stock with today and past crucial price points and technical indicators we derived following targets for Next Month!
| Dr Reddy Lab's Levels | Value | Reason/Importance |
|---|---|---|
| Next Month Target 3 | 6793.65 (+6.92%) | Custom Fibonacci Extension Lvl 50% |
| Next Month Target 2 | 6687.54 (+5.25%) | Fibonacci Extension Level 123.6% |
| Next Month Target 1 | 6561.35 (+3.26%) | Custom Fibonacci Extension Lvl 23.6% |
| Current Price | 6353.70 | Dr Reddy Lab's 1 share price as of Mon 01 Jul 2024 |
| Stop Loss 1 | 6306.49 (-0.75%) | Price Action: Chart |
| Stop Loss 2 | 6189.04 (-2.6%) | Price Action: Apr 2024 Low |
| Stop Loss 3 | 6121.65 (-3.66%) | Technical Indicator: MA100 |
Summary: Dr Reddy Lab Share Price Prediction For Next Month
As of Mon 01 Jul 2024, Dr Reddy Lab share price stands at ₹6353.70, losing ₹-48.65 (-0.76%) in this month.
In summary, our analysis of Dr Reddy Lab for next month predicts a rise of 3.26% to 6.92% with three potential targets T1: ₹6561.35, T2: ₹6687.54, T3: ₹6793.65 and Stop-Loss (SL) at SL1: ₹6306.49, SL2: ₹6189.04, SL3: ₹6121.65.
Additionally, we've identified a support level at 6337.25 — think of this as a safety net where the price might stop falling and there's also a resistance level at 6479.89, which is like a ceiling at which the price might have a hard time breaking through.
After looking at tomorrow's, next week's and next month's share price prediction, you might wonder what this year or next year might hold for Dr Reddy Lab, we created a specific page for that check here: Dr Reddy Lab Share Price target for 2024 and 2025
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As we wrap up, we hope you like our study on Dr Reddy Lab short term share price predictions, please kindly note that these forecasts are based on technical analysis, past trends, and machine learning models. They are for educational purposes only, not investment advice.
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Methodology Behind the Prediction
The share price predictions present on our site are derived from a robust model that incorporates multiple economic indicators, technical indicators, company performance metrics, and industry-specific factors.
We have historical share price data of all stocks for which we present targets, so we analyze historical trends from those past data and overlay them with projected market conditions to estimate future share prices of a stock.
- Dr Reddy Lab Share Price History
- Dr Reddy Lab Price Long Term Target
- Dr Reddy Lab Dividend History
- Dr Reddy Lab Bonus History
- Dr Reddy Lab Split History
Disclaimer: Information is provided 'as is' and solely for informational and educational purposes, not for trading purposes or advice. We highly recommend to do your own research before making any investment.
