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2026-03-05 11:43:42 am | Source: Religare Broking Ltd
Stock of the day : Dr Reddy's Laboratories Ltd by Target Rs. 42 - Religare Broking Ltd
Stock of the day : Dr Reddy's Laboratories Ltd by Target Rs. 42 - Religare Broking Ltd

Dr Reddy's Laboratories Ltd 

* DRREDDY exhibits a constructive bullish structure, with price holding above rising short- and medium-term moving averages, signaling strengthening trend bias.

* The recent pullback found support near the key averages, followed by a strong recovery, suggesting buying interest on dips.

* Momentum oscillators are curling upward from neutral territory, while improving volumes confirm accumulation.

* Given prevailing market volatility, traders may consider initiating positions in the 1300 call option within the defined range.

 

Buy Dr Reddy's Laboratories Ltd CMP 28.65 Range 27-29 SL 21Target 42

 

 

 

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