Dr. Reddy's Laboratories Ltd

The daily chart of Dr. Reddy's Laboratories Ltd (DRREDDY) on the NSE indicates a bullish setup, with the price trading above the 50-day SMA (1268.29), 200-day SMA (1275.84), and 21-day EMA (1261.02). A downward trendline highlights resistance near 1368, while an upward trendline indicates accumulation with higher lows. The RSI at 69.74 suggests strong momentum, and the MACD shows a bullish crossover, confirming upward momentum. Aggressive traders can consider entering on a breakout above 1368, targeting 1450–1500, with a stop-loss below 1330. Conservative traders may wait for a pullback to the 1275–1285 support zone (near the 200-day SMA) or the upward trendline around 1300–1310, targeting 1380–1420, with a stop-loss below 1270. Volume is rising, supporting the recent price action.