Dr. Reddy's Laboratories is a multinational pharmaceutical company. NSE Code of Dr. Reddy's Laboratories is DRREDDY. BSE Code for Dr. Reddy's Laboratories is 500124. Face value of Dr. Reddy's Laboratories is Rs. 5. Dr. Reddy's Laboratories is available for Future and Options trading. Lot size of DRREDDY is 250 ((Time to time lot size changed by exchange, so please check it once before taking any action).
09 May 2020 : DRREDDY closed at 3984.00 (08 May 2020, NSE closing price). We have seen strong move in this stock in morning session but in second half, stock came down almost 3% from its day high. If we check its daily chart, it is clearly indicating first support at around 3800 level. Below 3800, we can see next support level around 3600 level. In last 15 days, stock tried 2-3 times to cross and sustain above 4090 level but not able to sustain, either due to selling in market or cause of other reason. But overall Dr Reddy chart looks good. Pharma stocks also in limelight this time. If you are an Intraday trader then better to avoid this stock, cause of its high volatility. But if you are positional trader, you can make long position in this stock at current price also for upside target of 4400 to 4500 with stop loss 3800 or 3600 as per your risk capacity. If you like to trade in F&O, then you can buy DRREDDY Future and hedge your position with its call and put options. Above view only for education purpose.