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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 2024-10-10 View latest technical analysis

10 day averaged volume of Glenmark Pharmaceuticals is 962218

Date	Daily Closing Price	Open	High	Low	Volume
10 Thu Oct 2024	1760.95	1789.70	1803.00	1747.45	1.045 times
09 Wed Oct 2024	1786.15	1741.00	1795.00	1727.95	1.046 times
08 Tue Oct 2024	1734.55	1675.00	1739.00	1663.70	0.97 times
07 Mon Oct 2024	1675.10	1670.95	1688.85	1653.95	1.52 times
04 Fri Oct 2024	1662.70	1634.25	1699.90	1629.95	1.292 times
03 Thu Oct 2024	1644.35	1660.00	1679.05	1636.85	0.948 times
01 Tue Oct 2024	1666.95	1673.00	1675.55	1650.05	0.678 times
30 Mon Sep 2024	1673.50	1696.80	1701.95	1665.05	0.803 times
27 Fri Sep 2024	1685.70	1671.20	1704.50	1671.00	0.944 times
26 Thu Sep 2024	1678.30	1694.65	1696.15	1668.00	0.963 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 1740.6, but if it comes below 1740.6, then a intra day sell could be more profitable.
If you take a sell trade below 1740.6, then use 1740.6 as stoploss and 1697.81 as target. However if you take a buy trade in stock , then use 1740.6 as stoploss and 1791.9 as target.

Share price targets for Glenmark Pharmaceuticals (GLENMARK)

Target Type	Value
Downside Target	1037.15
Downside Target	1232.10
Downside Target	1264.00
Downside Target	1406.40
Downside Target	1474.00
Downside Target	1610.00
Downside Target	1750.00
Downside Target	1756.50
Upside Target	1764.00
Upside Target	1769.60
Upside Target	1803.00

Intraday share price targets for Glenmark Pharmaceuticals (GLENMARK)

Target Type	Value
Downside Intraday Target	1675.6
Downside Intraday Target	1590.25
Upside Intraday Target	1824.65
Upside Intraday Target	1888.35
Downside Intraday Target	1739.3

Weekly technical analysis of Glenmark Pharmaceuticals (GLENMARK)

Date	Weekly Closing Price	Open	High	Low	Volume
10 Thu Oct 2024	1760.95	1670.95	1803.00	1653.95	1.231 times
04 Fri Oct 2024	1662.70	1696.80	1701.95	1629.95	0.429 times
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

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
10 Thu Oct 2024	1760.95	1673.00	1803.00	1629.95	0.281 times
30 Mon Sep 2024	1673.50	1737.90	1769.60	1610.00	1.032 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

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 neutral. A longer time frame might give a better analysis.

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 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 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 but buying is losing momentum.

MRSI is in negative zone. This is the SELL 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 1697.1 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.