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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 2024-09-27 View latest technical analysis

10 day averaged volume of Glenmark Pharmaceuticals is 1506307

Date	Daily Closing Price	Open	High	Low	Volume
27 Fri Sep 2024	1685.70	1671.20	1704.50	1671.00	0.603 times
26 Thu Sep 2024	1678.30	1694.65	1696.15	1668.00	0.615 times
25 Wed Sep 2024	1689.20	1702.45	1705.25	1671.00	0.534 times
24 Tue Sep 2024	1697.50	1720.00	1726.65	1691.65	0.548 times
23 Mon Sep 2024	1712.45	1705.00	1764.00	1705.00	3.243 times
20 Fri Sep 2024	1636.75	1659.15	1674.00	1610.00	1.941 times
19 Thu Sep 2024	1649.80	1646.05	1676.75	1625.90	0.661 times
18 Wed Sep 2024	1646.05	1714.00	1719.25	1623.10	1.06 times
17 Tue Sep 2024	1713.00	1745.00	1746.75	1708.00	0.528 times
16 Mon Sep 2024	1741.45	1769.60	1769.60	1734.45	0.407 times

My analysis of stock is bearish for shortterm, and stock might move down till 1668 or till 1630.5. Use a stoploss of 1699.18 and if the stock hits stoploss, then it can shoot up till 1730.38

Share price targets for Glenmark Pharmaceuticals (GLENMARK)

Target Type	Value
Downside Target	985.20
Downside Target	1037.15
Downside Target	1183.90
Downside Target	1232.10
Downside Target	1264.00
Downside Target	1406.40
Downside Target	1474.00
Downside Target	1610.00
Downside Target	1666.50
Upside Target	1750.00
Upside Target	1750.50
Upside Target	1756.50
Upside Target	1764.00
Upside Target	1769.60

Intraday share price targets for Glenmark Pharmaceuticals (GLENMARK)

Target Type	Value
Downside Intraday Target	1647.8
Downside Intraday Target	1609.9
Upside Intraday Target	1743.8
Upside Intraday Target	1801.9
Upside Intraday Target	1705.9

Weekly technical analysis of Glenmark Pharmaceuticals (GLENMARK)

Date	Weekly Closing Price	Open	High	Low	Volume
27 Fri Sep 2024	1685.70	1705.00	1764.00	1668.00	1.206 times
20 Fri Sep 2024	1636.75	1769.60	1769.60	1610.00	1.494 times
13 Fri Sep 2024	1753.70	1702.70	1756.50	1688.30	0.933 times
06 Fri Sep 2024	1702.70	1737.90	1750.50	1666.50	1.006 times
30 Fri Aug 2024	1731.75	1695.50	1750.00	1676.15	0.779 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 Fri Sep 2024	1685.70	1737.90	1769.60	1610.00	1.001 times
30 Fri Aug 2024	1731.75	1472.80	1750.00	1406.40	1.219 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

Scroll below to view daily charts

Price has moved down 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 sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

Price action analysis of Glenmark Pharmaceuticals ( (GLENMARK) ) based on a short term time period is neutral. A longer time frame might give a better analysis.

Price action analysis of Glenmark Pharmaceuticals ( (GLENMARK) ) based on a short to mid term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this 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 SELL signal for Glenmark Pharmaceuticals in short term but the sell signal is initial and weak.

Glenmark Pharmaceuticals Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bears are getting stronger in this stock.

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

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

RSI is generating a BUY signal in short term but buying is losing 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 1682.44 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 falling down

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 has given negative 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.