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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 2024-11-07 View latest technical analysis

10 day averaged volume of Glenmark Pharmaceuticals is 554660

Date	Daily Closing Price	Open	High	Low	Volume
07 Thu Nov 2024	1657.35	1768.95	1774.90	1644.10	2.507 times
06 Wed Nov 2024	1768.95	1725.05	1776.75	1721.50	1.12 times
05 Tue Nov 2024	1725.15	1698.00	1737.40	1669.00	1.837 times
04 Mon Nov 2024	1699.25	1694.95	1715.90	1649.00	1.193 times
01 Fri Nov 2024	1690.30	1694.55	1699.85	1681.05	0.084 times
31 Thu Oct 2024	1694.55	1670.00	1699.00	1663.85	1.121 times
30 Wed Oct 2024	1670.00	1680.35	1696.30	1655.20	0.843 times
29 Tue Oct 2024	1675.10	1719.50	1724.40	1628.10	1.475 times
28 Mon Oct 2024	1713.50	1663.80	1722.90	1650.50	0.937 times
25 Fri Oct 2024	1663.80	1679.50	1704.50	1649.05	0.977 times

Stock of Glenmark Pharmaceuticals (GLENMARK) has showed a significant fall. This could be a good time to exit from this stock.

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 1670.9, but if it comes above 1670.9, then a intra day buy could be more profitable.
If you take a sell trade below 1670.9, then use 1670.9 as stoploss and 1612.8 as target. However if you take a buy trade in stock , then use 1670.9 as stoploss and 1719.32 as target.

Share price targets for Glenmark Pharmaceuticals (GLENMARK)

Target Type	Value
Downside Target	1232.10
Downside Target	1406.40
Downside Target	1474.00
Downside Target	1610.00
Upside Target	1715.30
Upside Target	1756.85
Upside Target	1769.60
Upside Target	1776.75
Upside Target	1805.00
Upside Target	1830.95

Intraday share price targets for Glenmark Pharmaceuticals (GLENMARK)

Target Type	Value
Downside Intraday Target	1608.72
Downside Intraday Target	1560.08
Upside Intraday Target	1741.37
Upside Intraday Target	1825.38
Upside Intraday Target	1692.73

Weekly technical analysis of Glenmark Pharmaceuticals (GLENMARK)

Date	Weekly Closing Price	Open	High	Low	Volume
07 Thu Nov 2024	1657.35	1694.95	1776.75	1644.10	1.493 times
01 Fri Nov 2024	1690.30	1663.80	1724.40	1628.10	1.15 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

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
07 Thu Nov 2024	1657.35	1694.55	1776.75	1644.10	0.248 times
31 Thu Oct 2024	1694.55	1673.00	1830.95	1628.10	0.588 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

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 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 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

ADX buy sell signal for Glenmark Pharmaceuticals stock for short term is SELL. Signal strength is Strong 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. Bulls are getting tired and bears 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 SELL signal in short term and selling is picking up 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 1693.71 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.