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(GLS) Glenmark Life complete technical analysis [charts+indicators] | Buy/Sell Glenmark Life | (GLS) share price targets

Complete technical analysis of Glenmark Life (GLS) by charts plus indicators, forecast predictions and share price targets for Glenmark Life (GLS)

Showing technical analysis as on 2024-01-17 View latest technical analysis

10 day averaged volume of Glenmark Life is 186766

Date	Daily Closing Price	Open	High	Low	Volume
17 Wed Jan 2024	751.65	754.00	758.80	745.15	0.47 times
16 Tue Jan 2024	756.20	748.00	761.95	745.10	0.739 times
15 Mon Jan 2024	748.05	745.00	758.45	738.30	0.733 times
12 Fri Jan 2024	739.55	749.95	749.95	735.00	0.538 times
11 Thu Jan 2024	745.45	750.00	750.00	740.00	0.491 times
10 Wed Jan 2024	745.25	725.00	746.90	724.10	1.786 times
09 Tue Jan 2024	723.35	710.95	724.75	710.15	0.841 times
08 Mon Jan 2024	710.15	717.70	717.70	692.00	0.7 times
05 Fri Jan 2024	697.65	721.00	728.85	693.05	1.001 times
04 Thu Jan 2024	725.50	732.00	735.00	716.40	1.093 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 742.2, but if it comes below 742.2, then a intra day sell could be more profitable.
If you take a sell trade below 742.2, then use 742.2 as stoploss and 699.4 as target. However if you take a buy trade in stock , then use 742.2 as stoploss and 793.5 as target.

Share price targets for Glenmark Life (GLS)

Target Type	Value
Downside Target	611.00
Downside Target	642.00
Downside Target	664.65
Downside Target	672.25
Downside Target	674.90
Downside Target	692.00
Downside Target	735.75
Downside Target	738.30
Downside Target	750.00
Upside Target	761.95

Intraday share price targets for Glenmark Life (GLS)

Target Type	Value
Downside Intraday Target	739.32
Downside Intraday Target	726.98
Upside Intraday Target	762.97
Upside Intraday Target	774.28
Downside Intraday Target	750.63

Weekly technical analysis of Glenmark Life (GLS)

Date	Weekly Closing Price	Open	High	Low	Volume
17 Wed Jan 2024	751.65	745.00	761.95	738.30	0.446 times
12 Fri Jan 2024	739.55	717.70	750.00	692.00	0.327 times
05 Fri Jan 2024	697.65	659.00	735.75	652.10	5.676 times
29 Fri Dec 2023	657.05	648.40	664.65	645.35	0.545 times
22 Fri Dec 2023	645.35	633.00	659.80	627.15	2.198 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 Life (GLS)

Date	Monthly Closing Price	Open	High	Low	Volume
17 Wed Jan 2024	751.65	659.00	761.95	652.10	1.728 times
29 Fri Dec 2023	657.05	633.75	664.65	626.95	0.914 times
30 Thu Nov 2023	630.10	624.90	642.00	616.10	0.334 times
31 Tue Oct 2023	624.95	617.50	674.90	611.20	1.274 times

Scroll below to view daily charts

Price has moved up this month, and volume has increased substantially. This means that the move can continue in coming months.

Indicators analysis of Glenmark Life (GLS)

Price action analysis of Glenmark Life ( (GLS) ) 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 Life ( (GLS) ) 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 Life ( (GLS) ) 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 Life stock for short term is BUY. Signal strength is Strong and stock is losing momentum.

MACD generated a BUY signal for Glenmark Life 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 Life Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.

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

CCI has generated a SELL signal for Glenmark Life in short term but SELL signal is weak.

RSI is generating a BUY signal in short term and the buying is gaining momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying might be slowing down

Stock of Glenmark Life is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 733.09 and Glenmark Life (GLS) 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 Life (GLS) stock. Volume based technical analysis of Glenmark Life (GLS) stock is negative.

Glenmark Life 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.