GLENMARK - IntraDay Trade Analysis

Last Updated Time : 02 Aug 25, 12:58 am

📈 Intraday Trade Analysis – Glenmark Pharmaceuticals (GLENMARK) IntraDay Trade Rating: 4.2

GLENMARK is showing strong price action and momentum today. Elevated RSI and bullish MACD suggest the stock could offer attractive intraday opportunities. Fundamentals like high ROCE, strong EPS, and quarterly profit growth add to its credibility — though high P/E and PEG may limit long-term upside.

🔍 Technical Snapshot

RSI (73.2) → Entering overbought zone; signals sustained bullish momentum but may face resistance near highs.

MACD (119) → Strong upward trend, confirming breakout behavior.

Volume (10.9L vs Avg 11.4L) → Slightly below average but still high; enough liquidity for scalping.

Price well above DMA50 & DMA200 → Indicates continued uptrend.

52w Index: 87.3% → Near yearly high, suggesting strength but also potential exhaustion.

💸 Intraday Trade Setup

📌 Trade Component Suggested Levels (₹)

Buy Zone ₹2,150 – ₹2,158

Profit Target ₹2,175 – ₹2,190

Stop-Loss Level Below ₹2,140

🏹 Ideal entry would be a dip to ₹2,150 with signs of reversal (green candles, rising volume). For conservative trades, wait for bullish continuation above ₹2,158 with volume surge past 12L.

⏱ If You're Already Holding Today

Exit for Profit

Consider exiting between ₹2,175–₹2,190 if RSI climbs above 75 and MACD remains positive.

Volume spike over 12L supports continued upside.

Protect Against Loss

Exit below ₹2,140 if MACD starts flattening or RSI drops under 70.

Look out for red candles paired with falling volume below 10L.

🧠 Final Thought

GLENMARK is looking like a well-tuned candidate for intraday trades today — momentum and price action are favoring the bulls. Just be wary near previous highs and don’t overstay your welcome in the trade.

Want me to flag similar setups with breakout potential in the pharma sector? I've got a few stealth movers up my sleeve.

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