Dr Reddy's is showing a Bullish Divergence on Daily Time Frame.
Breakout levels are marked in Yellow for Long and Short.
The Stock may go up by 7% from the current levels.
Recently Dr Reddy's has also had a definitive Agreement with Citius Pharma for the sale of its entire right of investigational anti-cancer agent and some related assets.
Under the terms of the agreement, Dr Reddy's will receive US$40 Million Upfront upon closing of the transaction.
Breakout level 5000 if sustained for more than 1 hr will take the stock up till Target 1 - 5147 Target 2 - 5300 or may also test all time High or above.
Breakout levels are marked in Yellow for Long and Short.
The Stock may go up by 7% from the current levels.
Recently Dr Reddy's has also had a definitive Agreement with Citius Pharma for the sale of its entire right of investigational anti-cancer agent and some related assets.
Under the terms of the agreement, Dr Reddy's will receive US$40 Million Upfront upon closing of the transaction.
Breakout level 5000 if sustained for more than 1 hr will take the stock up till Target 1 - 5147 Target 2 - 5300 or may also test all time High or above.