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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)

10 day averaged volume of Glenmark Pharmaceuticals is 880454

Date Daily Closing Price Open High Low Volume
19 Tue Nov 2024 1492.65 1491.75 1517.70 1473.35 0.832 times
18 Mon Nov 2024 1485.75 1550.00 1597.05 1478.10 1.634 times
14 Thu Nov 2024 1533.70 1545.00 1560.00 1524.00 0.523 times
13 Wed Nov 2024 1539.40 1566.00 1577.45 1521.40 1.127 times
12 Tue Nov 2024 1577.05 1475.00 1632.65 1475.00 1.259 times

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 1478, for a target of 1569.6 or 1645.88

Share price targets for Glenmark Pharmaceuticals (GLENMARK)

Target Type Value
Downside Target 1232.10
Downside Target 1406.40
Downside Target 1473.35
Upside Target 1597.05
Upside Target 1684.45
Upside Target 1699.85
Upside Target 1724.40
Upside Target 1750.00
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 1444.98
Downside Intraday Target 1397.32
Upside Intraday Target 1568.68
Upside Intraday Target 1644.72
Upside Intraday Target 1521.02

Weekly technical analysis of Glenmark Pharmaceuticals (GLENMARK)

Date Weekly Closing Price Open High Low Volume
19 Tue Nov 2024 1492.65 1550.00 1597.05 1473.35 0.722 times
14 Thu Nov 2024 1533.70 1655.00 1684.45 1475.00 0.701 times
08 Fri Nov 2024 1666.50 1694.95 1776.75 1644.10 3.774 times
01 Fri Nov 2024 1690.30 1680.35 1699.85 1655.20 0.629 times
30 Wed Oct 2024 1670.00 1663.80 1724.40 1628.10 0.839 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
19 Tue Nov 2024 1492.65 1694.55 1776.75 1473.35 0.612 times
31 Thu Oct 2024 1694.55 1673.00 1830.95 1628.10 0.606 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

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)

Indicator Name Indicator Value Indicator Signal
ADX 6, 35, 69 Sell
MACD -71, -38Sell
Stochastics 10Sell
CCI -98Sell
RSI 42Sell
OBV -3299519Sell
VWAP 1601Sell
ADL 0Sell
ROC -12Sell
Force Index 0Sell

Price action analysis of Glenmark Pharmaceuticals ( (GLENMARK) ) 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 Pharmaceuticals ( (GLENMARK) ) 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 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 in or above the red cloud Prices appear to be moving up

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 positive zone. This is a BUY zone

Stock of Glenmark Pharmaceuticals is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 1600.89 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.

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