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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 2024-11-04 View latest technical analysis

10 day averaged volume of Glenmark Pharmaceuticals is 462561

Date	Daily Closing Price	Open	High	Low	Volume
04 Mon Nov 2024	1699.25	1694.95	1715.90	1649.00	1.43 times
01 Fri Nov 2024	1690.30	1694.55	1699.85	1681.05	0.1 times
31 Thu Oct 2024	1694.55	1670.00	1699.00	1663.85	1.345 times
30 Wed Oct 2024	1670.00	1680.35	1696.30	1655.20	1.011 times
29 Tue Oct 2024	1675.10	1719.50	1724.40	1628.10	1.769 times
28 Mon Oct 2024	1713.50	1663.80	1722.90	1650.50	1.124 times
25 Fri Oct 2024	1663.80	1679.50	1704.50	1649.05	1.171 times
24 Thu Oct 2024	1674.55	1685.90	1692.45	1651.25	0.496 times
23 Wed Oct 2024	1685.90	1671.00	1721.45	1670.95	0.87 times
22 Tue Oct 2024	1682.25	1717.45	1741.75	1676.10	1.154 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 1677.8 as stoploss in an intra day buy trade for a target of 1725.83. However, stock will show a bearish move below 1677.8.

Share price targets for Glenmark Pharmaceuticals (GLENMARK)

Target Type	Value
Downside Target	1232.10
Downside Target	1406.40
Downside Target	1474.00
Downside Target	1610.00
Upside Target	1715.30
Upside Target	1724.40
Upside Target	1750.00
Upside Target	1756.85
Upside Target	1769.60
Upside Target	1805.00
Upside Target	1830.95

Intraday share price targets for Glenmark Pharmaceuticals (GLENMARK)

Target Type	Value
Downside Intraday Target	1660.2
Downside Intraday Target	1621.15
Upside Intraday Target	1727.1
Upside Intraday Target	1754.95
Downside Intraday Target	1688.05

Weekly technical analysis of Glenmark Pharmaceuticals (GLENMARK)

Date	Weekly Closing Price	Open	High	Low	Volume
04 Mon Nov 2024	1699.25	1694.95	1715.90	1649.00	0.267 times
01 Fri Nov 2024	1690.30	1663.80	1724.40	1628.10	1.15 times
25 Fri Oct 2024	1663.80	1738.50	1756.85	1649.05	0.767 times
18 Fri Oct 2024	1738.45	1797.80	1830.95	1715.30	0.574 times
11 Fri Oct 2024	1790.65	1670.95	1805.00	1653.95	1.364 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
04 Mon Nov 2024	1699.25	1694.55	1715.90	1649.00	0.047 times
31 Thu Oct 2024	1694.55	1673.00	1830.95	1628.10	0.588 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

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 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 term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

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

ADX buy sell signal for Glenmark Pharmaceuticals stock for short term is SELL. 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.

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

Glenmark Pharmaceuticals Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bulls 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 Pharmaceuticals in short term but SELL signal is weak.

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 1685.07 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 falling down

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 has given negative 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.