DRREDDY - IntraDay Trade Analysis

Last Updated Time : 02 Aug 25, 12:58 am

💊 Intraday Trade Analysis for DRREDDY

⭐ IntraDay Trade Rating

3.5

While DRREDDY's fundamentals are solid — excellent ROCE, low debt, and an undervalued PEG — intraday momentum indicators show mixed strength. The MACD is still in negative territory, though RSI and price positioning suggest potential for controlled upside.

📊 Technical Snapshot

RSI: 58.7 → Bullish bias approaching 60, but not yet overbought.

MACD: -2.57 → Still bearish; trend is flattening, hinting at a potential crossover.

Volume: 19.83L vs Avg 20.80L → Slightly below average; acceptable but not compelling.

Price > DMA50 & DMA200 → Trading above ₹1,269 and ₹1,246; technical support intact.

🛒 Fresh Entry Setup (Cautious Long)

Buy Zone: ₹1,297–₹1,305 Preferable after bullish candlestick pattern (e.g., bullish engulfing) with volume exceeding 22L.

Profit Booking Levels

Target 1: ₹1,318

Target 2: ₹1,330 if momentum picks up post 1 PM.

Stop-Loss: ₹1,285 Below DMA50 and psychological support.

🔁 Exit Strategy If Already Holding Intraday

Bearish Exit Indicators

Price drops below ₹1,292 with increasing volume.

RSI dips under 57 and MACD histogram continues contracting.

Volume fails to cross 20L by mid-session.

Profit Zone: ₹1,318–₹1,330 Watch for rejection near ₹1,335 (historic resistance).

Trailing Stop Strategy: If price crosses ₹1,335, trail SL to ₹1,310 and watch for late-session pullback.

🧠 Trading Insight

DRREDDY may be prepping for a technical bounce, and with strong fundamentals, it's a reliable name for scalping today. However, without a MACD crossover or volume surge, it’s not a high-momentum trade — keep positions light and stops tight.

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