GLENMARK - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 05 Nov 25, 7:43 am

Technical Rating: 3.6

📉 GLENMARK is consolidating with weakening momentum. Entry near 1,850–1,870 ₹ and exit near 2,050–2,100 ₹ may suit short-term swing trades.

📈 Technical Analysis

• 📉 Chart Pattern: GLENMARK is forming a descending channel, indicating short-term bearish bias within a broader consolidation.
• 📉 Moving Averages: Price is below the 50-DMA (1,930 ₹) but above the 200-DMA (1,762 ₹), suggesting medium-term support but short-term weakness.
• 📉 RSI (46.8): Neutral zone, leaning bearish — signals lack of strong momentum.
• 📉 MACD (-36.3): Negative crossover, confirming bearish momentum.
• 📉 Bollinger Bands: Price near lower band, suggesting oversold conditions but no clear reversal yet.
• 📉 Volume Trend: Current volume (4.16L) is below 1-week average (7.24L), indicating weak participation.

📍 Entry & Exit Zones

• ✅ Entry Zone: 1,850 ₹ – 1,870 ₹ (near psychological support and lower band)
• 🚪 Exit Zone: 2,050 ₹ – 2,100 ₹ (resistance from prior swing highs)

📊 Trend Status

• 🔄 Current Trend: Consolidating with bearish bias
• ⚠️ Bias: Bearish unless RSI crosses 50 and MACD flattens

✅ Positive

• Quarterly PAT jumped from 269 Cr. to 596 Cr. — a 31.4% increase.
• Price above 200-DMA indicates long-term support remains intact.
• FII and DII holdings both increased, showing institutional interest.

⚠️ Limitation

• MACD and RSI both signal weakening momentum.
• Price trading below 50-DMA — short-term technical weakness.
• PEG ratio (14.2) suggests overvaluation relative to growth.

📉 Company Negative News

• Volume decline may indicate waning interest or profit booking.

📈 Company Positive News

• Strong quarterly earnings and increased institutional holdings support sentiment.

🏭 Industry

• Pharmaceuticals sector remains resilient with long-term growth potential.
• GLENMARK trades below industry PE (28.5 vs 33.1), suggesting relative undervaluation.

🧾 Conclusion

• GLENMARK is consolidating with bearish technical indicators but strong earnings momentum.
• Short-term traders may consider entries near 1,850 ₹ and exits near 2,100 ₹.
• Long-term investors should monitor volume and technical breakout signals before adding exposure.

Sources: Investing.com Glenmark Technicals

Investing.com India

, Trendlyne Analysis

Trendlyne

, TopStockResearch Weekly Chart

TSR

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