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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 2024-08-22 View latest technical analysis

10 day averaged volume of Glenmark Pharmaceuticals is 1552257

Date	Daily Closing Price	Open	High	Low	Volume
22 Thu Aug 2024	1676.75	1680.75	1680.75	1658.45	0.482 times
21 Wed Aug 2024	1680.75	1637.65	1684.85	1630.95	0.834 times
20 Tue Aug 2024	1637.95	1631.50	1642.55	1610.45	0.667 times
19 Mon Aug 2024	1631.50	1582.10	1639.70	1565.80	1.576 times
16 Fri Aug 2024	1565.80	1514.70	1576.00	1425.85	3.309 times
14 Wed Aug 2024	1491.20	1492.00	1514.00	1467.65	0.722 times
13 Tue Aug 2024	1478.05	1510.00	1520.00	1461.50	0.799 times
12 Mon Aug 2024	1502.50	1475.60	1516.45	1472.30	0.9 times
09 Fri Aug 2024	1472.95	1455.40	1484.00	1453.05	0.538 times
08 Thu Aug 2024	1451.75	1459.00	1474.90	1448.55	0.271 times

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 1688, for a target of 1584.9 or 1498.92

Share price targets for Glenmark Pharmaceuticals (GLENMARK)

Target Type	Value
Downside Target	959.05
Downside Target	985.20
Downside Target	1037.15
Downside Target	1098.00
Downside Target	1183.90
Downside Target	1232.10
Downside Target	1264.00
Downside Target	1330.10
Downside Target	1406.40
Downside Target	1484.00
Downside Target	1565.80
Downside Target	1576.00
Upside Target	1684.85

Intraday share price targets for Glenmark Pharmaceuticals (GLENMARK)

Target Type	Value
Downside Intraday Target	1600.08
Downside Intraday Target	1523.42
Upside Intraday Target	1719.13
Upside Intraday Target	1761.52
Downside Intraday Target	1642.47

Weekly technical analysis of Glenmark Pharmaceuticals (GLENMARK)

Date	Weekly Closing Price	Open	High	Low	Volume
22 Thu Aug 2024	1676.75	1582.10	1684.85	1565.80	0.621 times
16 Fri Aug 2024	1565.80	1475.60	1576.00	1425.85	2.737 times
09 Fri Aug 2024	1472.95	1415.00	1484.00	1406.40	1.008 times
02 Fri Aug 2024	1443.05	1439.25	1479.40	1415.05	0.857 times
26 Fri Jul 2024	1438.40	1406.90	1454.20	1330.10	1.065 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
22 Thu Aug 2024	1676.75	1472.80	1684.85	1406.40	0.937 times
31 Wed Jul 2024	1468.75	1233.00	1474.00	1232.10	1.454 times
28 Fri Jun 2024	1230.50	1174.95	1264.00	1037.15	0.601 times
31 Fri May 2024	1160.35	1060.35	1183.90	985.20	1.508 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 Strong and stock is losing 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 coming down

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

RSI is generating a BUY signal in short term and the buying is gaining 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 1569.67 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.