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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 2024-10-25 View latest technical analysis

10 day averaged volume of Glenmark Pharmaceuticals is 488889

Date	Daily Closing Price	Open	High	Low	Volume
25 Fri Oct 2024	1663.80	1679.50	1704.50	1649.05	1.108 times
24 Thu Oct 2024	1674.55	1685.90	1692.45	1651.25	0.469 times
23 Wed Oct 2024	1685.90	1671.00	1721.45	1670.95	0.823 times
22 Tue Oct 2024	1682.25	1717.45	1741.75	1676.10	1.092 times
21 Mon Oct 2024	1716.80	1738.50	1756.85	1705.05	0.909 times
18 Fri Oct 2024	1738.45	1725.05	1747.20	1715.30	0.796 times
17 Thu Oct 2024	1735.30	1784.00	1789.75	1728.20	1.172 times
16 Wed Oct 2024	1781.45	1804.90	1809.90	1750.10	1.434 times
15 Tue Oct 2024	1804.90	1821.90	1830.95	1794.15	0.851 times
14 Mon Oct 2024	1818.15	1797.80	1823.00	1784.25	1.482 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 1665.5, but if it comes above 1665.5, then a intra day buy could be more profitable.
If you take a sell trade below 1665.5, then use 1665.5 as stoploss and 1601.2 as target. However if you take a buy trade in stock , then use 1665.5 as stoploss and 1719.11 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
Upside Target	1701.95
Upside Target	1750.00
Upside Target	1756.85
Upside Target	1764.00
Upside Target	1769.60
Upside Target	1805.00
Upside Target	1830.95

Intraday share price targets for Glenmark Pharmaceuticals (GLENMARK)

Target Type	Value
Downside Intraday Target	1622.95
Downside Intraday Target	1582.1
Upside Intraday Target	1730.75
Upside Intraday Target	1797.7
Upside Intraday Target	1689.9

Weekly technical analysis of Glenmark Pharmaceuticals (GLENMARK)

Date	Weekly Closing Price	Open	High	Low	Volume
25 Fri Oct 2024	1663.80	1738.50	1756.85	1649.05	0.767 times
18 Fri Oct 2024	1738.45	1797.80	1830.95	1715.30	0.574 times
11 Fri Oct 2024	1790.65	1670.95	1805.00	1653.95	1.364 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

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
25 Fri Oct 2024	1663.80	1673.00	1830.95	1629.95	0.493 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 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 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 short to mid 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 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 SELL. Signal strength is Strong and stock is losing momentum.

MACD generated a SELL signal for Glenmark Pharmaceuticals in short term but the sell signal is initial and weak.

Glenmark Pharmaceuticals Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be coming down

CCI has generated a SELL signal for Glenmark Pharmaceuticals in short term and SELL 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

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 1738.02 and Glenmark Pharmaceuticals (GLENMARK) stock is trading below this level. This means that stock is falling with high volumes. 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 negative.

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