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Glenmark Pharmaceuticals Limited

GLENMARK.BO•BSE
Healthcare
Drug Manufacturers - Specialty & Generic
₹2420.05
₹14.50(0.60%)
Indian Market opens in 10h 59m

Glenmark Pharmaceuticals Limited (GLENMARK.BO) Stock Technical Analysis & Trading Signals

Live technical indicators, trading signals, and momentum insights for Glenmark Pharmaceuticals Limited (BSE:GLENMARK.BO).

Disclaimer for Technical Analysis Page

The technical indicators and trading signals shown on this page are for informational purposes only and do not constitute financial advice. Stock market investments involve risk, and past performance is not a guarantee of future results. Always conduct your own research or consult a licensed financial advisor before making investment decisions.Read our Full Disclaimer

GLENMARK.BO Technical Analysis Summary

Glenmark Pharmaceuticals Limited stock currently shows a bullish trend, supported by momentum and strong buying pressure.

Overall Sentiment:Buy
Momentum:Bullish (RSI: 69.10)
Trend Strength:Moderate (ADX: 23.82)
Volatility:Medium (ATR: 70.61)
Support/Resistance:$2053.38 – $2448.41 (Bollinger Bands)

Technical conditions suggest Glenmark Pharmaceuticals Limited is consolidating, awaiting a decisive move.

Momentum Indicators

RSI (14): 69.10

Bullish
Above midpoint suggests upward bias.

Stochastic %K: 80.29

Bearish
Overbought levels may trigger pullback.

Williams %R: -21.99

Bullish
Buying pressure building steadily.

Rate of Change (ROC): 10.62

Strongly Bullish
Strong upside momentum.

Takeaway:Glenmark Pharmaceuticals Limited shows strong bullish momentum, with buyers firmly in control.

Trend & Volatility

MACD: 69.06

Bullish
Bullish, trend momentum is strengthening.

ADX: 23.82

Moderate
Moderate trend, direction gaining strength.

ATR (14): 70.61

Rising
Rising volatility, market activity increasing.

CCI (14): 105.70

Bearish Risk
Bearish risk, overbought levels suggest caution.

Takeaway:Glenmark Pharmaceuticals Limited shows a firm trend supported by momentum, though one signal suggests caution.

Support & Resistance indicators
Bollinger Bands
Upper Band
$2448.41
Middle Band (SMA 20)
$2250.90
Lower Band
$2053.38
Current Position
Within Bands

Takeaway:Glenmark Pharmaceuticals Limited trades closer to resistance, supported by stronger momentum within bands.

Keltner Channels
Upper Channel
$2420.28
Middle Line (EMA 20)
$2279.07
Lower Channel
$2137.86
Squeeze Status
No Squeeze

Takeaway:Glenmark Pharmaceuticals Limited trades above the trend line, showing healthy momentum within the channel.

Volume & Money Flow Analysis
On-Balance Volume199.30K
Money Flow Index79.95Bullish, inflows support continued momentum.
Relative Vigor Index46.86Neutral to Bearish, sellers hold a slight edge.

Overall Takeaway:GLENMARK.BO shows mixed signals in money flow analysis.

Technical Trading Signals Summary
Based on the current technical analysis of Glenmark Pharmaceuticals Limited, here are the key trading signals and recommendations:

Bullish Signals

RSI above 50 → positive momentum from buyers.

MACD above 0 → bullish trend confirmation.

ADX above 20 → strong underlying trend.

Price trading above middle Bollinger Band → mid-term support intact.

MFI below 80 → room for more buying without overbought risk.

Bearish Signals

Price near upper Bollinger Band → potential resistance and pullback risk.

RVI below 50 → vigor tilted toward sellers.

Overall Recommendation:Glenmark Pharmaceuticals Limited currently shows a Buy with caution signal — momentum and trend strength are positive, but price is close to resistance and may face short-term pullbacks.

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