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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 2024-10-28 View latest technical analysis

10 day averaged volume of Glenmark Pharmaceuticals is 495595

Date	Daily Closing Price	Open	High	Low	Volume
28 Mon Oct 2024	1713.50	1663.80	1722.90	1650.50	1.049 times
25 Fri Oct 2024	1663.80	1679.50	1704.50	1649.05	1.093 times
24 Thu Oct 2024	1674.55	1685.90	1692.45	1651.25	0.463 times
23 Wed Oct 2024	1685.90	1671.00	1721.45	1670.95	0.812 times
22 Tue Oct 2024	1682.25	1717.45	1741.75	1676.10	1.077 times
21 Mon Oct 2024	1716.80	1738.50	1756.85	1705.05	0.897 times
18 Fri Oct 2024	1738.45	1725.05	1747.20	1715.30	0.786 times
17 Thu Oct 2024	1735.30	1784.00	1789.75	1728.20	1.156 times
16 Wed Oct 2024	1781.45	1804.90	1809.90	1750.10	1.415 times
15 Tue Oct 2024	1804.90	1821.90	1830.95	1794.15	0.84 times

My analysis of stock is bearish for shortterm, and stock might move down till 1667.4 or till 1603.8. Use a stoploss of 1720.5 and if the stock hits stoploss, then it can shoot up till 1773.56

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	1701.95
Upside Target	1750.00
Upside Target	1756.85
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	1668.37
Downside Intraday Target	1623.23
Upside Intraday Target	1740.77
Upside Intraday Target	1768.03
Downside Intraday Target	1695.63

Weekly technical analysis of Glenmark Pharmaceuticals (GLENMARK)

Date	Weekly Closing Price	Open	High	Low	Volume
28 Mon Oct 2024	1713.50	1663.80	1722.90	1650.50	0.242 times
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

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
28 Mon Oct 2024	1713.50	1673.00	1830.95	1629.95	0.513 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 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 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 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 Weak 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 in or above the red 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 and the buying is gaining momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling 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 1723.12 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.