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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 2024-03-05 View latest technical analysis

10 day averaged volume of Glenmark Life is 114842

Date	Daily Closing Price	Open	High	Low	Volume
05 Tue Mar 2024	770.10	800.00	807.35	747.45	4.155 times
04 Mon Mar 2024	807.35	846.00	849.50	795.35	1.725 times
02 Sat Mar 2024	844.90	850.10	899.65	840.25	0.128 times
01 Fri Mar 2024	859.60	862.00	870.35	852.05	1.787 times
29 Thu Feb 2024	868.45	876.80	879.40	845.05	1.04 times
28 Wed Feb 2024	876.80	885.00	888.55	873.30	0.762 times
27 Tue Feb 2024	888.30	900.00	900.00	882.05	0.912 times
26 Mon Feb 2024	890.25	874.80	906.00	869.95	1.032 times
23 Fri Feb 2024	874.80	878.50	884.05	871.25	0.448 times
22 Thu Feb 2024	877.55	874.95	881.50	861.50	1.755 times

Stock of Glenmark Life (GLS) has showed a significant fall. This could be a good time to exit from this stock.

Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 803.3, for a target of 836.6 or 864.4

Share price targets for Glenmark Life (GLS)

Target Type	Value
Downside Target	616.10
Downside Target	642.00
Downside Target	747.45
Upside Target	810.00
Upside Target	861.50
Upside Target	878.30
Upside Target	891.80
Upside Target	897.70
Upside Target	899.65
Upside Target	900.00
Upside Target	906.00

Intraday share price targets for Glenmark Life (GLS)

Target Type	Value
Downside Intraday Target	728.53
Downside Intraday Target	686.97
Upside Intraday Target	830.58
Upside Intraday Target	891.07
Upside Intraday Target	789.02

Weekly technical analysis of Glenmark Life (GLS)

Date	Weekly Closing Price	Open	High	Low	Volume
05 Tue Mar 2024	770.10	846.00	849.50	747.45	1.039 times
02 Sat Mar 2024	844.90	874.80	906.00	840.25	1.309 times
23 Fri Feb 2024	874.80	884.95	900.00	861.50	0.792 times
16 Fri Feb 2024	878.50	865.00	891.80	831.45	0.39 times
09 Fri Feb 2024	871.00	875.00	897.70	820.50	1.423 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 Life (GLS)

Date	Monthly Closing Price	Open	High	Low	Volume
05 Tue Mar 2024	770.10	862.00	899.65	747.45	0.257 times
29 Thu Feb 2024	868.45	875.00	906.00	810.00	0.607 times
31 Wed Jan 2024	872.55	659.00	878.30	652.10	2.707 times
29 Fri Dec 2023	657.05	633.75	664.65	626.95	0.914 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 Life (GLS)

Price action analysis of Glenmark Life ( (GLS) ) based on a short 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 Life ( (GLS) ) based on a short to mid 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 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 SELL. Signal strength is Strong and stock is gaining momentum.

MACD generated a SELL signal for Glenmark Life in short term but the sell signal is initial and weak.

Glenmark Life 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 green color and prices are in or below the green cloud Prices appear to be coming down

CCI has generated a SELL signal for Glenmark Life 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 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 834.47 and Glenmark Life (GLS) 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 Life (GLS) stock. Volume based technical analysis of Glenmark Life (GLS) stock is negative.

Glenmark Life 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.