Dr. Reddy's Laboratories – Technical Analysis

- Trend: Stock is trading above the rising trendline, indicating the medium-term uptrend remains intact. - Moving Averages: Price is trading near the 20 EMA, 50 EMA, and 100 EMA, suggesting a consolidation phase after recent correction. - RSI: RSI is around 53, indicating neutral momentum with room for further upside. - Volume: Recent buying interest near support levels suggests accumulation by market participants. Support Zone: Strong support is placed around ₹1,225–₹1,240 (trendline and recent swing lows). Resistance Zone: Immediate resistance is seen at ₹1,300–₹1,320. A breakout above this zone can trigger fresh upside momentum. $DRREDDY