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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 2024-03-28 View latest technical analysis

10 day averaged volume of Glenmark Pharmaceuticals is 979385

Date	Daily Closing Price	Open	High	Low	Volume
28 Thu Mar 2024	958.45	960.00	968.60	954.25	0.529 times
27 Wed Mar 2024	962.45	960.00	969.40	947.30	0.769 times
26 Tue Mar 2024	957.20	950.00	961.35	936.00	0.7 times
22 Fri Mar 2024	951.00	943.70	954.40	940.70	0.81 times
21 Thu Mar 2024	946.70	941.80	954.50	938.50	0.737 times
20 Wed Mar 2024	941.30	915.85	946.45	908.35	1.128 times
19 Tue Mar 2024	920.65	938.50	942.00	917.00	0.567 times
18 Mon Mar 2024	939.65	924.65	944.60	916.05	0.693 times
15 Fri Mar 2024	926.50	937.95	943.85	912.05	1.169 times
14 Thu Mar 2024	937.50	890.55	941.45	883.00	1.618 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 953.6, but if it comes below 953.6, then a intra day sell could be more profitable.
If you take a sell trade below 953.6, then use 953.6 as stoploss and 936.73 as target. However if you take a buy trade in stock , then use 953.6 as stoploss and 973.8 as target.

Share price targets for Glenmark Pharmaceuticals (GLENMARK)

Target Type	Value
Downside Target	722.10
Downside Target	771.00
Downside Target	799.80
Downside Target	847.55
Downside Target	883.00
Downside Target	942.00
Downside Target	954.50
Upside Target	964.30
Upside Target	969.40
Upside Target	974.00

Intraday share price targets for Glenmark Pharmaceuticals (GLENMARK)

Target Type	Value
Downside Intraday Target	939.83
Downside Intraday Target	921.22
Upside Intraday Target	973.23
Upside Intraday Target	988.02
Downside Intraday Target	954.62

Weekly technical analysis of Glenmark Pharmaceuticals (GLENMARK)

Date	Weekly Closing Price	Open	High	Low	Volume
28 Thu Mar 2024	958.45	950.00	969.40	936.00	0.508 times
22 Fri Mar 2024	951.00	924.65	954.50	908.35	0.517 times
15 Fri Mar 2024	926.50	958.00	974.00	883.00	1.47 times
07 Thu Mar 2024	955.25	925.05	964.30	903.15	0.766 times
02 Sat Mar 2024	928.25	907.00	942.00	898.45	0.797 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 Thu Mar 2024	958.45	925.10	974.00	883.00	0.5 times
29 Thu Feb 2024	925.10	920.10	942.00	771.00	1.596 times
31 Wed Jan 2024	910.20	854.00	922.70	847.55	0.874 times
29 Fri Dec 2023	853.95	781.80	859.00	772.40	1.152 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 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 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 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 BUY. Signal strength is Weak and stock is losing momentum.

MACD generated a BUY signal for Glenmark Pharmaceuticals in short term and the buy signal is strong.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Glenmark Pharmaceuticals Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be coming down

CCI has generated a buy signal for Glenmark Pharmaceuticals in short term and BUY signal is strong.

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

MRSI is in negative zone. This is the SELL 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 942.68 and Glenmark Pharmaceuticals (GLENMARK) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.

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 is giving positive returns over a short term period. Returns for a longer term period have been positive

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