GLAND - Technical Analysis

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

Technical Rating: 4.3

Here’s a detailed breakdown of GLAND Pharma’s technical setup and momentum signals

📊 Trend Analysis

Current Trend: Uptrend, but nearing overbought territory.

Price Action: Trading near its 52-week high (₹2,221), indicating strong bullish momentum.

Chart Pattern: Possible Cup & Handle failure observed earlier, but recovery from Fibonacci 0.236 level suggests renewed strength

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📈 Moving Averages

Indicator Value (₹) Signal

50 DMA 1,817 Bullish (Price above)

200 DMA 1,699 Bullish (Price above)

Price is comfortably above both 50 and 200 DMA, confirming a strong bullish trend.

Short-term moving averages (MA5 & MA10) show slight weakness, but medium-to-long term MAs remain supportive

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📉 Momentum Indicators

Indicator Value Interpretation

RSI 76.4 Overbought – caution for short-term pullback

MACD 81.3 Bullish crossover – momentum intact

ADX ~42 Strong trend strength

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Volume 3.84L Above 1-week average – confirms buying interest

📊 Bollinger Bands

Price is likely near the upper band, suggesting overextension.

A pullback toward the middle band (~₹1,900–₹1,950) could offer a better entry.

📌 Support & Resistance Zones

Level Price (₹)

Major Support 1,700–1,750

Minor Support 1,850–1,900

Resistance 2,221 (recent high), 2,250 (next psychological level)

Trendline support aligns near ₹1,850–₹1,900.

Breakout above ₹2,221 could trigger fresh upside toward ₹2,300+

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🎯 Entry & Exit Zones

Optimal Entry: ₹1,850–₹1,900 (on pullback to support)

Exit Zone: ₹2,200–₹2,250 (near resistance or if RSI remains elevated)

🔄 Trend Status

Trending: Yes, but short-term consolidation or reversal possible due to overbought RSI.

Watch for volume divergence or bearish candlestick patterns near resistance.

Would you like a swing trade setup or intraday strategy based on this? I can also chart out a Fibonacci retracement or trendline projection if you’re planning a position.

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