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(GLENMARK) Glenmark Pharmaceuticals complete technical analysis [charts+indicators] | Buy/Sell Glenmark Pharmaceuticals | (GLENMARK) share price targets

Complete technical analysis of Glenmark Pharmaceuticals (GLENMARK) by charts plus indicators, forecast predictions and share price targets for Glenmark Pharmaceuticals (GLENMARK)

Glenmark Pharmaceuticals trades in NSE in Pharmaceuticals sector.

Showing technical analysis as on 2024-03-27 View latest technical analysis

10 day averaged volume of Glenmark Pharmaceuticals is 1012048

Date	Daily Closing Price	Open	High	Low	Volume
27 Wed Mar 2024	962.45	960.00	969.40	947.30	0.744 times
26 Tue Mar 2024	957.20	950.00	961.35	936.00	0.677 times
22 Fri Mar 2024	951.00	943.70	954.40	940.70	0.783 times
21 Thu Mar 2024	946.70	941.80	954.50	938.50	0.713 times
20 Wed Mar 2024	941.30	915.85	946.45	908.35	1.091 times
19 Tue Mar 2024	920.65	938.50	942.00	917.00	0.548 times
18 Mon Mar 2024	939.65	924.65	944.60	916.05	0.67 times
15 Fri Mar 2024	926.50	937.95	943.85	912.05	1.131 times
14 Thu Mar 2024	937.50	890.55	941.45	883.00	1.565 times
13 Wed Mar 2024	898.45	941.60	948.15	885.50	1.753 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 951.3, but if it comes below 951.3, then a intra day sell could be more profitable.
If you take a sell trade below 951.3, then use 951.3 as stoploss and 934.36 as target. However if you take a buy trade in stock , then use 951.3 as stoploss and 971.6 as target.

Share price targets for Glenmark Pharmaceuticals (GLENMARK)

Target Type	Value
Downside Target	722.10
Downside Target	771.00
Downside Target	799.80
Downside Target	847.55
Downside Target	883.00
Downside Target	942.00
Downside Target	954.50
Upside Target	964.30
Upside Target	969.40
Upside Target	974.00

Intraday share price targets for Glenmark Pharmaceuticals (GLENMARK)

Target Type	Value
Downside Intraday Target	942.5
Downside Intraday Target	922.55
Upside Intraday Target	975.9
Upside Intraday Target	989.35
Downside Intraday Target	955.95

Weekly technical analysis of Glenmark Pharmaceuticals (GLENMARK)

Date	Weekly Closing Price	Open	High	Low	Volume
27 Wed Mar 2024	962.45	950.00	969.40	936.00	0.373 times
22 Fri Mar 2024	951.00	924.65	954.50	908.35	0.517 times
15 Fri Mar 2024	926.50	958.00	974.00	883.00	1.47 times
07 Thu Mar 2024	955.25	925.05	964.30	903.15	0.766 times
02 Sat Mar 2024	928.25	907.00	942.00	898.45	0.797 times

Price has moved up this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.

Monthly technical analysis of Glenmark Pharmaceuticals (GLENMARK)

Date	Monthly Closing Price	Open	High	Low	Volume
27 Wed Mar 2024	962.45	925.10	974.00	883.00	0.487 times
29 Thu Feb 2024	925.10	920.10	942.00	771.00	1.596 times
31 Wed Jan 2024	910.20	854.00	922.70	847.55	0.874 times
29 Fri Dec 2023	853.95	781.80	859.00	772.40	1.152 times

Scroll below to view daily charts

Price has moved up this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Glenmark Pharmaceuticals (GLENMARK)

Price action analysis of Glenmark Pharmaceuticals ( (GLENMARK) ) based on a short term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Glenmark Pharmaceuticals ( (GLENMARK) ) based on a short to mid term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Glenmark Pharmaceuticals ( (GLENMARK) ) based on a mid to longer term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

ADX buy sell signal for Glenmark Pharmaceuticals stock for short term is BUY. Signal strength is Weak and stock is gaining momentum.

MACD generated a BUY signal for Glenmark Pharmaceuticals in short term and the buy signal is strong.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Glenmark Pharmaceuticals Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be moving up

CCI has generated a buy signal for Glenmark Pharmaceuticals in short term and BUY signal is strong.

RSI is generating a SELL signal in short term and selling is picking up momentum.

MRSI is in positive zone. This is a BUY zone

Stock of Glenmark Pharmaceuticals is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 933.83 and Glenmark Pharmaceuticals (GLENMARK) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.

People seem to be coming out and selling the Glenmark Pharmaceuticals (GLENMARK) stock. Volume based technical analysis of Glenmark Pharmaceuticals (GLENMARK) stock is negative.

Glenmark Pharmaceuticals Stock is giving positive returns over a short term period. Returns for a longer term period have been positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.