Is Dr Reddy's Labs technically bullish or bearish?
As of July 4, 2025, the trend is bullish, supported by strong weekly MACD and Bollinger Bands, although caution is advised due to mildly bearish signals from the monthly MACD and KST.
As of 4 July 2025, the technical trend has changed from mildly bullish to bullish. The current stance is bullish with a strong emphasis on the weekly MACD and Bollinger Bands, both indicating bullish momentum. Daily moving averages also support this bullish outlook. However, the monthly MACD and KST show mildly bearish signals, suggesting some caution is warranted. The RSI shows no signals in both weekly and monthly time frames, indicating a lack of overbought or oversold conditions. Overall, the strength of the bullish trend is supported by the recent price action, with today's high surpassing the previous close.
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