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(GLS) Glenmark Life complete technical analysis [charts+indicators] | Buy/Sell Glenmark Life | (GLS) share price targets

Complete technical analysis of Glenmark Life (GLS) by charts plus indicators, forecast predictions and share price targets for Glenmark Life (GLS)

Showing technical analysis as on 2024-10-23 View latest technical analysis

10 day averaged volume of Glenmark Life is 119520

Date	Daily Closing Price	Open	High	Low	Volume
23 Wed Oct 2024	1076.20	1045.25	1092.25	1015.55	1.065 times
22 Tue Oct 2024	1045.25	1111.00	1128.75	1041.50	1.666 times
21 Mon Oct 2024	1112.90	1139.85	1144.95	1105.05	0.468 times
18 Fri Oct 2024	1130.00	1112.05	1143.70	1080.00	0.894 times
17 Thu Oct 2024	1125.60	1173.00	1187.90	1120.00	1.044 times
16 Wed Oct 2024	1173.20	1202.65	1216.35	1160.15	0.737 times
15 Tue Oct 2024	1202.70	1160.05	1219.90	1160.05	1.818 times
14 Mon Oct 2024	1172.40	1178.05	1199.95	1130.20	0.684 times
11 Fri Oct 2024	1178.05	1173.00	1189.00	1151.00	0.824 times
10 Thu Oct 2024	1178.00	1201.15	1213.75	1173.10	0.739 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 1067 as stoploss in an intra day buy trade for a target of 1124.88. However, stock will show a bearish move below 1067.

Share price targets for Glenmark Life (GLS)

Target Type	Value
Downside Target	755.95
Downside Target	819.05
Downside Target	851.25
Downside Target	882.00
Downside Target	972.00
Downside Target	1012.20
Upside Target	1080.00
Upside Target	1144.95
Upside Target	1185.00
Upside Target	1210.00
Upside Target	1219.90
Upside Target	1223.05
Upside Target	1335.10

Intraday share price targets for Glenmark Life (GLS)

Target Type	Value
Downside Intraday Target	1012.85
Downside Intraday Target	949.5
Upside Intraday Target	1142.25
Upside Intraday Target	1208.3
Upside Intraday Target	1078.9

Weekly technical analysis of Glenmark Life (GLS)

Date	Weekly Closing Price	Open	High	Low	Volume
23 Wed Oct 2024	1076.20	1139.85	1144.95	1015.55	0.618 times
18 Fri Oct 2024	1130.00	1178.05	1219.90	1080.00	0.781 times
11 Fri Oct 2024	1178.05	1150.05	1223.05	1110.00	0.515 times
04 Fri Oct 2024	1151.65	1044.00	1185.00	1023.55	1.033 times
27 Fri Sep 2024	1030.30	1209.45	1210.00	1012.20	1.276 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 Life (GLS)

Date	Monthly Closing Price	Open	High	Low	Volume
23 Wed Oct 2024	1076.20	1065.00	1223.05	1015.55	0.337 times
30 Mon Sep 2024	1057.45	1047.40	1335.10	1012.20	1.35 times
30 Fri Aug 2024	1052.65	888.45	1095.00	851.25	1.016 times
31 Wed Jul 2024	888.45	870.00	972.00	819.05	5.18 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 Life (GLS)

Price action analysis of Glenmark Life ( (GLS) ) 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 Life ( (GLS) ) 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 Life ( (GLS) ) 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 Life stock for short term is SELL. Signal strength is Strong and stock is gaining momentum.

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

Glenmark Life Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

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

CCI has generated a SELL signal for Glenmark Life in short term and SELL signal is strong!

RSI is generating a SELL signal in short term but selling 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 Life is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 1135.74 and Glenmark Life (GLS) 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 Life (GLS) stock. Volume based technical analysis of Glenmark Life (GLS) stock is negative.

Glenmark Life 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.