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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 2024-10-09 View latest technical analysis

10 day averaged volume of Glenmark Pharmaceuticals is 944134

Date	Daily Closing Price	Open	High	Low	Volume
09 Wed Oct 2024	1786.15	1741.00	1795.00	1727.95	1.066 times
08 Tue Oct 2024	1734.55	1675.00	1739.00	1663.70	0.988 times
07 Mon Oct 2024	1675.10	1670.95	1688.85	1653.95	1.549 times
04 Fri Oct 2024	1662.70	1634.25	1699.90	1629.95	1.317 times
03 Thu Oct 2024	1644.35	1660.00	1679.05	1636.85	0.966 times
01 Tue Oct 2024	1666.95	1673.00	1675.55	1650.05	0.691 times
30 Mon Sep 2024	1673.50	1696.80	1701.95	1665.05	0.818 times
27 Fri Sep 2024	1685.70	1671.20	1704.50	1671.00	0.963 times
26 Thu Sep 2024	1678.30	1694.65	1696.15	1668.00	0.981 times
25 Wed Sep 2024	1689.20	1702.45	1705.25	1671.00	0.852 times

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 1785.8, for a target of 1736.9 or 1696.04

Share price targets for Glenmark Pharmaceuticals (GLENMARK)

Target Type	Value
Downside Target	1037.15
Downside Target	1232.10
Downside Target	1264.00
Downside Target	1406.40
Downside Target	1474.00
Downside Target	1610.00
Downside Target	1750.00
Downside Target	1756.50
Downside Target	1764.00
Downside Target	1769.60
Upside Target	1795.00

Intraday share price targets for Glenmark Pharmaceuticals (GLENMARK)

Target Type	Value
Downside Intraday Target	1695.07
Downside Intraday Target	1603.98
Upside Intraday Target	1836.12
Upside Intraday Target	1886.08
Downside Intraday Target	1745.03

Weekly technical analysis of Glenmark Pharmaceuticals (GLENMARK)

Date	Weekly Closing Price	Open	High	Low	Volume
09 Wed Oct 2024	1786.15	1670.95	1795.00	1653.95	0.95 times
04 Fri Oct 2024	1662.70	1696.80	1701.95	1629.95	0.429 times
27 Fri Sep 2024	1685.70	1705.00	1764.00	1668.00	1.206 times
20 Fri Sep 2024	1636.75	1769.60	1769.60	1610.00	1.494 times
13 Fri Sep 2024	1753.70	1702.70	1756.50	1688.30	0.933 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
09 Wed Oct 2024	1786.15	1673.00	1795.00	1629.95	0.242 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
31 Wed Jul 2024	1468.75	1233.00	1474.00	1232.10	1.454 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 term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

Price action analysis of Glenmark Pharmaceuticals ( (GLENMARK) ) based on a short to mid term time period is neutral. A longer time frame might give a better analysis.

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 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 moving up

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 and the buying is gaining 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 1689.77 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.