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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 2024-10-29 View latest technical analysis

10 day averaged volume of Glenmark Life is 186449

Date	Daily Closing Price	Open	High	Low	Volume
29 Tue Oct 2024	1017.20	986.40	1022.00	976.25	0.946 times
28 Mon Oct 2024	979.05	948.05	991.45	935.00	1.618 times
25 Fri Oct 2024	938.40	1015.00	1025.00	936.90	3.037 times
24 Thu Oct 2024	1041.00	1076.20	1091.95	1030.00	0.414 times
23 Wed Oct 2024	1076.20	1045.25	1092.25	1015.55	0.683 times
22 Tue Oct 2024	1045.25	1111.00	1128.75	1041.50	1.068 times
21 Mon Oct 2024	1112.90	1139.85	1144.95	1105.05	0.3 times
18 Fri Oct 2024	1130.00	1112.05	1143.70	1080.00	0.573 times
17 Thu Oct 2024	1125.60	1173.00	1187.90	1120.00	0.669 times
16 Wed Oct 2024	1173.20	1202.65	1216.35	1160.15	0.472 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 1041, but if it comes above 1041, then a intra day buy could be more profitable.
If you take a sell trade below 1041, then use 1041 as stoploss and 951.6 as target. However if you take a buy trade in stock , then use 1041 as stoploss and 1115.42 as target.

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	935.00
Downside Target	972.00
Downside Target	1012.20
Upside Target	1080.00
Upside Target	1144.95
Upside Target	1185.00
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	960.8
Downside Intraday Target	904.4
Upside Intraday Target	1047.8
Upside Intraday Target	1078.4
Downside Intraday Target	991.4

Weekly technical analysis of Glenmark Life (GLS)

Date	Weekly Closing Price	Open	High	Low	Volume
29 Tue Oct 2024	1017.20	948.05	1022.00	935.00	0.466 times
25 Fri Oct 2024	938.40	1139.85	1144.95	936.90	1.658 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

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 Life (GLS)

Date	Monthly Closing Price	Open	High	Low	Volume
29 Tue Oct 2024	1017.20	1065.00	1223.05	935.00	0.463 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 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 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 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 mid to longer term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

ADX buy sell signal for Glenmark Life stock for short term is SELL. Signal strength is Strong and stock is losing momentum.

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

Glenmark Life 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 moving up

CCI has generated a buy signal for Glenmark Life in short term but BUY signal is weak.

RSI is generating a SELL signal in short term but selling is losing momentum.

MRSI is in positive zone. This is a BUY zone

Stock of Glenmark Life is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 1019.1 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.