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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 2024-09-16 View latest technical analysis

10 day averaged volume of Glenmark Pharmaceuticals is 960617

Date	Daily Closing Price	Open	High	Low	Volume
16 Mon Sep 2024	1741.45	1769.60	1769.60	1734.45	0.639 times
13 Fri Sep 2024	1753.70	1745.05	1756.50	1729.65	0.725 times
12 Thu Sep 2024	1747.95	1729.95	1754.35	1729.95	1.116 times
11 Wed Sep 2024	1725.65	1727.85	1744.00	1715.15	0.821 times
10 Tue Sep 2024	1727.85	1713.00	1746.85	1713.00	1.094 times
09 Mon Sep 2024	1704.20	1702.70	1724.00	1688.30	1.07 times
06 Fri Sep 2024	1702.70	1709.70	1725.00	1695.00	1.043 times
05 Thu Sep 2024	1709.45	1686.00	1715.80	1680.00	1.036 times
04 Wed Sep 2024	1686.55	1682.00	1704.45	1666.50	1.443 times
03 Tue Sep 2024	1687.50	1694.50	1716.70	1681.50	1.034 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 1731.6, but if it comes below 1731.6, then a intra day sell could be more profitable.
If you take a sell trade below 1731.6, then use 1731.6 as stoploss and 1704.47 as target. However if you take a buy trade in stock , then use 1731.6 as stoploss and 1764.1 as target.

Share price targets for Glenmark Pharmaceuticals (GLENMARK)

Target Type	Value
Downside Target	985.20
Downside Target	1037.15
Downside Target	1183.90
Downside Target	1232.10
Downside Target	1264.00
Downside Target	1406.40
Downside Target	1474.00
Downside Target	1565.80
Downside Target	1666.50
Downside Target	1734.45
Upside Target	1750.00
Upside Target	1750.50
Upside Target	1756.50
Upside Target	1769.60

Intraday share price targets for Glenmark Pharmaceuticals (GLENMARK)

Target Type	Value
Downside Intraday Target	1727.4
Downside Intraday Target	1713.35
Upside Intraday Target	1762.55
Upside Intraday Target	1783.65
Upside Intraday Target	1748.5

Weekly technical analysis of Glenmark Pharmaceuticals (GLENMARK)

Date	Weekly Closing Price	Open	High	Low	Volume
16 Mon Sep 2024	1741.45	1769.60	1769.60	1734.45	0.132 times
13 Fri Sep 2024	1753.70	1702.70	1756.50	1688.30	0.933 times
06 Fri Sep 2024	1702.70	1737.90	1750.50	1666.50	1.006 times
30 Fri Aug 2024	1731.75	1695.50	1750.00	1676.15	0.779 times
23 Fri Aug 2024	1686.65	1582.10	1694.45	1565.80	0.713 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
16 Mon Sep 2024	1741.45	1737.90	1769.60	1666.50	0.411 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
28 Fri Jun 2024	1230.50	1174.95	1264.00	1037.15	0.601 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 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 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 BUY signal in short term but buying is losing 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 1715.49 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.