DRREDDY - IntraDay Trade Analysis with Live Signals

Last Updated Time : 19 Sept 25, 2:16 pm

IntraDay Trade Rating: 4.5

📊 Intraday Trading Analysis — DRREDDY

DRREDDY is showing a strong technical and fundamental setup for intraday trading today. With robust earnings growth, solid financial ratios, and bullish momentum indicators, the stock is well-positioned for short-term scalping or breakout trades.

✅ Bullish Signals

Momentum & Price Action

RSI at 63.0: Bullish zone — strong upward pressure.

MACD at 15.5: Positive crossover — confirms momentum.

Trading above both 50-DMA (₹1,272) and 200-DMA (₹1,252) — bullish structure.

Current price (₹1,322) is approaching resistance near ₹1,330–₹1,340.

Volume Strength

Volume (9.22L) is close to 1-week average (10.84L) — healthy liquidity.

Fundamentals

ROCE (25.8%) and ROE (20.3%) — excellent capital efficiency.

EPS of ₹82.6 and P/E of 16.0 — undervalued relative to industry PE (33.4).

PAT surged 109% QoQ — strong earnings momentum.

PEG ratio of 0.33 — attractive growth valuation.

DII holding increased by 1.10% — domestic institutional support.

⚠️ Risks to Watch

FII Sentiment

FII holding declined by 0.42% — mild foreign caution.

Volume Slightly Below Average

Needs confirmation of breakout with volume >10L.

🎯 Intraday Strategy

🔽 Optimal Buy Zone

Entry Range: ₹1,318–₹1,324

Trigger: Price sustains above ₹1,320 with volume >10L in first hour

📈 Profit-Taking Levels

Target 1: ₹1,340 — minor resistance

Target 2: ₹1,355–₹1,365 — if momentum builds

🛑 Stop-Loss

₹1,305 — below VWAP and intraday support

🕒 If You Already Hold Today

🔄 Exit on Weakness

RSI drops below 60 with declining volume

Price breaks ₹1,308 with bearish candle (e.g., engulfing or shooting star)

🚀 Exit on Strength

Price hits ₹1,355+ with RSI >66 and volume >11L

MACD histogram flattens or turns negative — signal to book profits

This setup favors momentum breakout scalping with strong risk-reward potential. Let me know if you'd like help setting up a VWAP overlay or trailing stop for DRREDDY.

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