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Stock analysis Glenmark Pharmaceuticals Limited GLENMARK

More indepth analysis on MunafaSutra.com

Moving Averages for Glenmark Pharmaceuticals Limited

  • 5Day Average: 955.16
  • 12Day Average: 940.42
  • 20Day Average: 936.73
  • 50Day Average: 901.56
  • 100Day Average: 859.16
  • 150Day Average: 835.22
  • 200Day Average: 807.03

GLENMARK Indicators & signals

Indicator MACD (12,26,9)

944.4, 928.4, 15.09
Indicator MACD is in positive zone

Indicator ADX (14)

7.49, 17.41, 14.98
Indicator ADX is indicating that momentum is weak.
Indicator ADX is showing that momentum is towards buying

Indicator RSI (14)

Current RSI is: 51
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
28 Thu Mar 2024 958.45 954.25 to 968.60 -0.42% 0.53 times
27 Wed Mar 2024 962.45 947.30 to 969.40 0.55% 0.77 times
26 Tue Mar 2024 957.20 936.00 to 961.35 0.65% 0.7 times
22 Fri Mar 2024 951.00 940.70 to 954.40 0.45% 0.81 times
21 Thu Mar 2024 946.70 938.50 to 954.50 0.57% 0.74 times
20 Wed Mar 2024 941.30 908.35 to 946.45 2.24% 1.13 times
19 Tue Mar 2024 920.65 917.00 to 942.00 -2.02% 0.57 times
18 Mon Mar 2024 939.65 916.05 to 944.60 1.42% 0.69 times
15 Fri Mar 2024 926.50 912.05 to 943.85 -1.17% 1.17 times
14 Thu Mar 2024 937.50 883.00 to 941.45 4.35% 1.62 times
13 Wed Mar 2024 898.45 885.50 to 948.15 -4.94% 1.81 times
12 Tue Mar 2024 945.15 931.35 to 967.85 -1.06% 1.1 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 951.7, but if it comes below 951.7, then a intra day sell could be more profitable.
If you take a sell trade below 951.7, then use 951.7 as stoploss and 934.89 as target. However if you take a buy trade in Glenmark Pharmaceuticals Limited, then use 951.7 as stoploss and 971.9 as target.

More indepth analysis on MunafaSutra.com