GLAND - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 19 Sept 25, 2:16 pm

Technical Rating: 4.4

Here’s a detailed technical analysis of Gland Pharma Ltd (GLAND)

📈 Trend Analysis

Current Price (₹2,018) is above both 50-DMA (₹1,915) and 200-DMA (₹1,772) — confirming a bullish trend.

52-week Index at 87.8% shows the stock is trading close to its yearly high of ₹2,131, indicating strong upward momentum.

Trend Status: Trending upward, with potential for continuation.

🔍 Momentum Indicators

RSI (62.1): In the bullish zone, but not yet overbought — signals strength with room for upside.

MACD (19.6): Strongly positive — confirms bullish crossover and momentum continuation.

Volume: At 2.76L, above 1-week average (2.36L) — indicates accumulation and breakout interest.

📊 Chart Patterns & Moving Averages

Golden Cross: Price above both 50-DMA and 200-DMA — a classic bullish signal.

Support Levels

₹1,915 (50-DMA)

₹1,850 (recent swing low)

Resistance Levels

₹2,100–₹2,131 (recent top zone and 52-week high)

₹2,200 (psychological round number)

📉 Bollinger Bands

Price is near the upper band, suggesting short-term overextension.

Bands are expanding, indicating volatility and strength in the current move.

🎯 Entry & Exit Zones

Action Price Zone (₹) Rationale

Entry 1,900–1,920 Near 50-DMA and support zone

Exit (Short-Term) 2,100–2,150 Resistance zone, potential reversal

Stop Loss 1,850 Below swing low and trendline

🧭 Summary

Trend: Bullish

Momentum: Strong and rising

Volatility: Expanding, with breakout potential

Ideal Strategy: Accumulate near ₹1,900–₹1,920 with target ₹2,100–₹2,150. Monitor RSI and volume for signs of exhaustion or continuation.

Would you like to compare this setup with other pharma stocks or explore sector rotation strategies?

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