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Stock analysis Glenmark Life Science Ltd GLS

More indepth analysis on MunafaSutra.com

Moving Averages for Glenmark Life Science Ltd

  • 5Day Average: 826.83
  • 12Day Average: 814.97
  • 20Day Average: 812.51
  • 50Day Average: 803.4
  • 100Day Average: 776.84
  • 150Day Average: 727.08
  • 200Day Average: 703.29

GLS Indicators & signals

Indicator MACD (12,26,9)

816.88, 807.48, 6.66
Indicator MACD is in positive zone

Indicator ADX (14)

4.59, 17.14, 18.79
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 41
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of GLS Glenmark Life Science Ltd are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
03 Fri May 2024 829.95 819.00 to 848.00 -1.33% 0.37 times
02 Thu May 2024 841.15 821.00 to 845.45 1.48% 1.1 times
30 Tue Apr 2024 828.90 822.00 to 842.90 1.18% 0.64 times
29 Mon Apr 2024 819.20 792.00 to 822.15 0.52% 0.87 times
26 Fri Apr 2024 814.95 755.40 to 825.00 8.59% 2.78 times
25 Thu Apr 2024 750.50 743.85 to 831.60 -9.2% 2.81 times
24 Wed Apr 2024 826.50 822.15 to 838.60 0.03% 0.12 times
23 Tue Apr 2024 826.25 815.00 to 866.00 -1.58% 0.42 times
22 Mon Apr 2024 839.55 802.70 to 841.80 4.6% 0.52 times
19 Fri Apr 2024 802.65 777.95 to 811.60 0.33% 0.37 times
18 Thu Apr 2024 800.00 786.60 to 815.00 0% 0.38 times
16 Tue Apr 2024 800.00 767.05 to 809.00 1.13% 0.41 times

Technical analysis forecast of Glenmark Life Science Ltd 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 Life Science Ltd GLS at this time. Stock is rising and might rise more.

It appears as if Glenmark Life Science Ltd GLS gave a large move recently.

Stock of Glenmark Life Science Ltd (GLS) 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 Life Science Ltd is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if Glenmark Life Science Ltd stays above 829.9, but if it comes below 829.9, then a intra day sell could be more profitable.
If you take a sell trade below 829.9, then use 829.9 as stoploss and 810.41 as target. However if you take a buy trade in Glenmark Life Science Ltd, then use 829.9 as stoploss and 853.3 as target.

More indepth analysis on MunafaSutra.com