Dr. Reddy's: Cypher Pattern and Support Level Analysis

Dr. Reddy's Laboratories has formed a cypher pattern and is finding support around the ₹1200 level, after a recent 15% fall. Dr. Reddy's shares are trading at ₹1250.20, reflecting a 1.85% change for the day1. The company exhibits low volatility compared to the market, with a six-month beta of 0.2055