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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 2024-04-18 View latest technical analysis

10 day averaged volume of Glenmark Pharmaceuticals is 777878

Date	Daily Closing Price	Open	High	Low	Volume
18 Thu Apr 2024	1041.80	1060.00	1063.95	1034.20	1.465 times
16 Tue Apr 2024	1060.00	1044.00	1063.95	1040.10	0.547 times
15 Mon Apr 2024	1044.00	1031.00	1060.00	1031.00	0.754 times
12 Fri Apr 2024	1051.80	1043.35	1070.00	1031.00	1.261 times
10 Wed Apr 2024	1043.35	1047.00	1058.00	1031.55	1.516 times
09 Tue Apr 2024	1047.00	1058.00	1059.95	1035.40	1.223 times
08 Mon Apr 2024	1039.10	1017.40	1057.75	1017.40	1.119 times
05 Fri Apr 2024	1017.40	1010.00	1019.00	999.30	0.569 times
04 Thu Apr 2024	1006.00	999.45	1010.00	990.10	1.107 times
03 Wed Apr 2024	993.85	984.05	996.00	978.95	0.871 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 1039, but if it comes below 1039, then a intra day sell could be more profitable.
If you take a sell trade below 1039, then use 1039 as stoploss and 994.56 as target. However if you take a buy trade in stock , then use 1039 as stoploss and 1092.3 as target.

Share price targets for Glenmark Pharmaceuticals (GLENMARK)

Target Type	Value
Downside Target	771.00
Downside Target	847.55
Downside Target	883.00
Downside Target	908.35
Downside Target	969.40
Downside Target	974.00
Downside Target	1017.40
Downside Target	1019.00
Downside Target	1031.00
Upside Target	1063.95
Upside Target	1070.00

Intraday share price targets for Glenmark Pharmaceuticals (GLENMARK)

Target Type	Value
Downside Intraday Target	1027.22
Downside Intraday Target	1012.63
Upside Intraday Target	1060.17
Upside Intraday Target	1078.53
Upside Intraday Target	1045.58

Weekly technical analysis of Glenmark Pharmaceuticals (GLENMARK)

Date	Weekly Closing Price	Open	High	Low	Volume
18 Thu Apr 2024	1041.80	1031.00	1063.95	1031.00	0.541 times
12 Fri Apr 2024	1051.80	1017.40	1070.00	1017.40	1.146 times
05 Fri Apr 2024	1017.40	959.05	1019.00	959.05	1.776 times
28 Thu Mar 2024	958.45	950.00	969.40	936.00	0.508 times
22 Fri Mar 2024	951.00	924.65	954.50	908.35	0.517 times

Price has moved down 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
18 Thu Apr 2024	1041.80	959.05	1070.00	959.05	0.504 times
28 Thu Mar 2024	958.45	925.10	974.00	883.00	0.5 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

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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

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 Strong and stock is losing momentum.

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

Glenmark Pharmaceuticals Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be coming down

CCI has generated a SELL signal for Glenmark Pharmaceuticals in short term but SELL signal is weak.

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

Although the stock is in the BUY zone, but buying might be slowing down

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

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 1035.53 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.