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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 2024-11-11 View latest technical analysis

10 day averaged volume of Glenmark Pharmaceuticals is 676134

Date	Daily Closing Price	Open	High	Low	Volume
11 Mon Nov 2024	1634.20	1655.00	1684.45	1631.75	0.659 times
08 Fri Nov 2024	1666.50	1668.90	1681.10	1650.00	0.88 times
07 Thu Nov 2024	1657.35	1768.95	1774.90	1644.10	2.057 times
06 Wed Nov 2024	1768.95	1725.05	1776.75	1721.50	0.919 times
05 Tue Nov 2024	1725.15	1698.00	1737.40	1669.00	1.507 times
04 Mon Nov 2024	1699.25	1694.95	1715.90	1649.00	0.979 times
01 Fri Nov 2024	1690.30	1694.55	1699.85	1681.05	0.069 times
31 Thu Oct 2024	1694.55	1670.00	1699.00	1663.85	0.92 times
30 Wed Oct 2024	1670.00	1680.35	1696.30	1655.20	0.692 times
29 Tue Oct 2024	1675.10	1719.50	1724.40	1628.10	1.21 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 1660.7, but if it comes above 1660.7, then a intra day buy could be more profitable.
If you take a sell trade below 1660.7, then use 1660.7 as stoploss and 1608.9 as target. However if you take a buy trade in stock , then use 1660.7 as stoploss and 1703.91 as target.

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	1684.45
Upside Target	1750.00
Upside Target	1756.85
Upside Target	1769.60
Upside Target	1776.75
Upside Target	1830.95

Intraday share price targets for Glenmark Pharmaceuticals (GLENMARK)

Target Type	Value
Downside Intraday Target	1615.82
Downside Intraday Target	1597.43
Upside Intraday Target	1668.52
Upside Intraday Target	1702.83
Upside Intraday Target	1650.13

Weekly technical analysis of Glenmark Pharmaceuticals (GLENMARK)

Date	Weekly Closing Price	Open	High	Low	Volume
11 Mon Nov 2024	1634.20	1655.00	1684.45	1631.75	0.104 times
08 Fri Nov 2024	1666.50	1694.95	1776.75	1644.10	1.733 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

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
11 Mon Nov 2024	1634.20	1694.55	1776.75	1631.75	0.317 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 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 Pharmaceuticals (GLENMARK)

Price action analysis of Glenmark Pharmaceuticals ( (GLENMARK) ) based on a short term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

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 definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

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 and the sell signal is strong.

Glenmark Pharmaceuticals Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be coming down

CCI has generated a SELL signal for Glenmark Pharmaceuticals in short term and SELL signal is strong!

RSI is generating a SELL signal in short term and selling is picking up 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 1688.21 and Glenmark Pharmaceuticals (GLENMARK) 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 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 negative.

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