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Stock analysis Glenmark Pharmaceuticals Limited GLENMARK

More indepth analysis on MunafaSutra.com

Moving Averages for Glenmark Pharmaceuticals Limited

  • 5Day Average: 1067.24
  • 12Day Average: 1053.58
  • 20Day Average: 1033.71
  • 50Day Average: 963.33
  • 100Day Average: 909.7
  • 150Day Average: 866.48
  • 200Day Average: 843.7

GLENMARK Indicators & signals

Indicator MACD (12,26,9)

1051.4, 1019.81, 31.05
Indicator MACD is in positive zone

Indicator ADX (14)

45.14, 29.59, 11.19
Indicator ADX is indicating that momentum is weak.
Indicator ADX is showing that momentum is towards buying

Indicator RSI (14)

Current RSI is: 56
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of GLENMARK Glenmark Pharmaceuticals Limited are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
29 Mon Apr 2024 1071.10 1063.05 to 1098.00 -0.76% 0.58 times
26 Fri Apr 2024 1079.35 1061.25 to 1088.75 -0.09% 0.62 times
25 Thu Apr 2024 1080.30 1070.95 to 1096.00 0.87% 1.45 times
24 Wed Apr 2024 1070.95 1033.30 to 1074.60 3.52% 0.86 times
23 Tue Apr 2024 1034.50 1017.50 to 1044.25 -0.47% 1.61 times
22 Mon Apr 2024 1039.35 1026.45 to 1054.10 1.26% 0.34 times
19 Fri Apr 2024 1026.40 1020.15 to 1039.45 -1.48% 1 times
18 Thu Apr 2024 1041.80 1034.20 to 1063.95 -1.72% 1.5 times
16 Tue Apr 2024 1060.00 1040.10 to 1063.95 1.53% 0.56 times
15 Mon Apr 2024 1044.00 1031.00 to 1060.00 -0.74% 0.77 times
12 Fri Apr 2024 1051.80 1031.00 to 1070.00 0.81% 1.29 times
10 Wed Apr 2024 1043.35 1031.55 to 1058.00 -0.35% 1.55 times

Technical analysis forecast of Glenmark Pharmaceuticals Limited Stock is that its in a uptrend for shortterm, and I will avoid taking a SHORT or SELL trade in this stock. Look for opportunities to BUY or go LONG in Glenmark Pharmaceuticals Limited GLENMARK at this time. Stock is rising and might rise more.

It appears as if Glenmark Pharmaceuticals Limited GLENMARK gave a large move recently.

Stock of Glenmark Pharmaceuticals Limited (GLENMARK) is trading above an important moving average line, and it has been above this line for quite some time now. This is a good sign, and the stock might keep rising and move higher!

My analysis of Glenmark Pharmaceuticals Limited is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if Glenmark Pharmaceuticals Limited stays above 1065.6, but if it comes below 1065.6, then a intra day sell could be more profitable.
If you take a sell trade below 1065.6, then use 1065.6 as stoploss and 1032.69 as target. However if you take a buy trade in Glenmark Pharmaceuticals Limited, then use 1065.6 as stoploss and 1105.2 as target.

More indepth analysis on MunafaSutra.com