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Glenmark Pharmaceuticals LimitedGlenmark Pharmaceuticals LimitedGlenmark Pharmaceuticals Limited

Glenmark Pharmaceuticals Limited

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inverse head & shoulders Breakdown SetupA classic Inverse Head & Shoulders pattern spotted on the chart — a powerful bullish reversal pattern after a downtrend. Left Shoulder: First dip followed by a bounce • Head: Deeper low showing the final selling pressure • Right Shoulder: Higher low indicating sellers are weakening • Neckline: Key resistance level Breakout above the neckline confirms the bullish reversal. 🎯 Trade Plan: • Entry: After todays candle high • Stop Loss: Below the right shoulder • Target: Head-to-neckline distance projected upward Increasing volume during breakout strengthens the probability of a sustained move.
NSE:GLENMARK
by TheSriyaTrading
2
Glenmark Pharma_Weekly Chart Analysis 1️⃣ Trend Structure * The stock has formed a strong bullish structure after breaking a long-term descending trendline (visible from previous highs). * A trend reversal occurred near ₹1,300–₹1,350 zone followed by a sharp impulsive rally. * Price is now trading near lifetime/major swing resistance zone around ₹2,250–₹2,300. 👉 Overall trend: Primary Uptrend (Bullish Bias) 2️⃣ Key Support & Resistance Levels 🔴 Resistance Zone * ₹2,250 – ₹2,300 → Immediate supply zone (multiple rejections earlier) * Weekly close above this may trigger momentum breakout. 🟢 Support Zones * ₹1,980 – ₹2,000 → Short-term support (recent consolidation base) * ₹1,830 – ₹1,800 → Strong positional support (marked on chart) 3️⃣ Price Action Observations * Higher highs and higher lows formation continues. * Recent candles show accumulation near resistance, not rejection — bullish sign. * Breakout attempt accompanied by strong bullish candle indicates buying interest. This type of structure often precedes: ➡ Range expansion move after consolidation. 4️⃣ Momentum View (Price Behaviour Based) * Sharp vertical rally followed by sideways consolidation = bullish continuation pattern. * No major distribution candles visible yet on weekly timeframe. * Buyers still in control unless price falls below ₹1,830. 5️⃣ Possible Scenarios ✅ Bullish Scenario (Higher Probability if breakout sustains) * Weekly close above ₹2,300 probably a new high will come. ⚠️ Consolidation Scenario * Price may oscillate between ₹1,980 – ₹2,300 before next move. ❌ Bearish Risk Trigger * Sustained breakdown below ₹1,830 * Could lead to correction toward ₹1,650–₹1,600. ⚖️ Risk Factors to Watch * Pharma sector rotation * Market-wide correction (Nifty trend) * Volume confirmation on breakout * False breakout near ATH zone 📌 Summary The stock is technically strong, trading near a critical breakout zone after a confirmed trend reversal. Sustained strength above ₹2,300 may lead to a fresh momentum phase, while ₹1,830 remains the key structure-defining support. ⚠️ Disclaimer This analysis is purely for educational and informational purposes based on technical chart interpretation. It is not investment advice, stock recommendation, or solicitation to buy/sell securities. Markets involve risk, and investors should conduct their own research or consult a SEBI-registered investment advisor before making investment decisions.
NSE:GLENMARK
by advaitwealthmatrix
Weekly Supply + RSI Divergence | Big Decision Zone on GlenmarkGlenmark Pharmaceuticals has rallied strongly and is now approaching a key Weekly Supply Zone, an area where institutional selling pressure may emerge. What makes this zone more interesting is the bearish RSI divergence forming on the weekly timeframe. While price is making higher highs, RSI is failing to confirm the move, indicating weakening bullish momentum. Key Observations • Price approaching higher timeframe Weekly Supply • Bearish RSI Divergence suggesting momentum exhaustion • Strong recent rally into a potential reaction zone • Possibility of a corrective move if sellers defend this area If the supply zone holds, we may see a pullback towards lower demand levels. However, a strong breakout above the supply zone would invalidate the bearish view and could lead to continuation of the uptrend. Traders should watch for price reaction and confirmation around this zone before considering any directional bias. ⚠️ Disclaimer: This analysis is for educational purposes only and should not be considered financial advice. Always manage risk before taking any trade.
NSE:GLENMARKShort
by SahilArora077
glenmark ideaSTARTING FROM MARCH 20 5 wave upmove i labbed as A as b time is not half+8 then c was completed in up 5 wave move near oct 2024 in which we have zig zag and irregular correctio marked also shown in the chart is the base channel and 2-4 trendline which was broken leading to degree fall in which we can see wxyxz correctio matching the time properly from march 25 upmove was started with 5 wave up move currently in 5th wave currently we are in wave 3 of the large c wave we can take longs from the current position with an sl of 1842 for an target of 2548 in irregular correction so that means we are in corrective rise with a large wxy correction from march20 lows
NSE:GLENMARK
by rachnaarodhia
GLENMARK 1 Month Time Frame 📍 Current Price Context Price around ₹2,000 – ₹2,030 (recent trading zone) on the NSE. 52-week range roughly ₹1,275 – ₹2,284 indicating broader volatility context. 📈 1-Month Key Levels (Support / Resistance) 🛑 Resistance Levels These price areas where the stock has historically faced selling pressure or may find difficulty rising past in the near term: R1 – ~₹2,033 – ₹2,040 → immediate barrier near recent peaks. R2 – ~₹2,068 – ₹2,070 → stronger resistance zone from pivot studies. R3 – ~₹2,088 – ₹2,089 → upper short-term cap/important zone before recent all-time highs. 👉 A break above ₹2,070–₹2,090 with volume could signal a short-term breakout. 🧱 Support Levels These are zones where buyers have historically stepped in or price has found a base: S1 – ~₹1,977–₹1,988 → first meaningful support near short-term moving averages. S2 – ~₹1,956–₹1,960 → deeper support from recent pivot analysis. S3 – ~₹1,920 – ₹1,921 → lower side of the recent month range, key buffer before bigger decline. 👉 If support at ~₹1,977–₹1,988 breaks decisively, price could test ₹1,920 or below on short-term weakness. 📊 Moving Averages Snapshot Short-term averages (~20/50 day) are around ₹1,980–₹1,995, acting as dynamic supports or resistances depending on price action: Above averages = stronger near-term bias Below averages = consolidation/weakness 🧠 1-Month Price Range Summary Possible trading range: ✔ Upside target: ~₹2,068–₹2,089 ✔ Immediate resistance: ~₹2,033–₹2,040 ✔ Support levels: ~₹1,977–₹1,960 → deeper support ~₹1,920 A breakout above ₹2,070 can be bullish short-term, while a sustained break below ₹1,977 adds bearish pressure.
NSE:GLENMARKLong
by Knowledgehub
GLENMARK 1 Day Time Frame 📌 Live / Latest Price (Daily) 📍 Current stock price: ~₹1,997.6 (approx close) on NSE. 📍 Day’s Range: ~₹1,992 – ₹2,047. 📍 Prev Close: ~₹2,034.5. 🧮 1-Day Technical Levels (Daily Pivot & S/R) (These are standard daily pivot levels used by intraday/short-term traders based on yesterday’s range) 🔁 Daily Pivot Levels Pivot Point (PP): ~₹2,012.5 Resistance 1 (R1): ~₹2,033 Resistance 2 (R2): ~₹2,068 Resistance 3 (R3): ~₹2,088 Support 1 (S1): ~₹1,977 Support 2 (S2): ~₹1,956 Support 3 (S3): ~₹1,921 👉 Above pivot (~2,012) = mild bullish bias on the daily. 👉 Below pivot = bearish/neutral intraday bias. 📊 Intraday Interpretation Bullish levels to watch Break above R1 (~₹2,033) → potential move up toward R2 (~₹2,068). Sustained move above ₹2,068–₹2,088 suggests stronger upside continuation. Bearish levels / support levels Break below S1 (~₹1,977) could open downside toward S2/S3 (~₹1,956 / ₹1,921). A close below ~₹1,950 for the day signals weakness in momentum. These daily levels are commonly used for intraday pivot-based strategies and reflect key price zones.
NSE:GLENMARKLong
by Knowledgehub
GLENMARK | Pure Structure Play – IH&S FormingGLENMARK is shaping a well-defined Inverse Head & Shoulders (IH&S) structure on the chart. The left shoulder and head are clearly visible, with the head forming a deeper and broader base. Price has since recovered and moved back toward the neckline, indicating improving structure. The right shoulder is still under formation, meaning the pattern is in development, not completed yet. At this stage, price action remains below the neckline, and the focus should be on how the market behaves while forming the right shoulder — whether it holds above the recent base and maintains symmetry with the left shoulder. No indicators are involved here — this view is purely based on price structure, balance, and time spent near key levels. Patience is essential until the structure fully matures.
NSE:GLENMARKLong
by siripireddyvenu
1
GLENMARK 1 Month Time Frame 📊 Current Price (Approx) ~₹2,010 – ₹2,011 on NSE. 🔁 1‑Month Technical Levels 🛑 Resistance (Upside) Key resistance levels you might monitor over the next month: ~₹2,020 – ₹2,035 — near recent swing highs and pivot resistance. ~₹2,045 – ₹2,070 — broader resistance zone seen in weekly/short‑term studies. ~₹2,125 – ₹2,225+ — longer trend resistance from historical levels if momentum carries higher. Important: A break above ~₹2,035–2,045 would be a bullish signal and could open room toward upper targets near ₹2,100–₹2,225+. 🧱 Support (Downside) Important short–medium supports if the price corrects: ~₹1,990 – ₹2,000 — immediate near‑term support range. ~₹1,870 – ₹1,890 — stronger lower support bands from volume accumulation. ~₹1,790 — critical support; a breakdown here could signal deeper corrective moves. Note: A break below ~₹1,990–₹2,000 may increase short‑term downside risk toward the next support cluster near ₹1,870–₹1,840. 📈 Short‑Term Range Expectation (1 Month) As a rough mid‑range estimate — assuming no major market shocks: ₹1,880 – ₹2,080 This range reflects typical swing boundaries based on recent price action and support/resistance clusters. ⚠️ Important Notes These levels are derived from publicly available technical data and pivot calculations — not financial advice Markets can be volatile; always combine technical with broader market context and volume. For entry/exit or trading strategies consult a financial advisor or licensed broker.
NSE:GLENMARKLong
by Knowledgehub
Glenmark - Strong Buy - Technical Analysis# Glenmark Pharmaceuticals Technical Analysis Report **Stock:** Glenmark Pharmaceuticals Limited (NSE) **Current Price:** ₹2,038.20 **Date:** December 23, 2024 **Timeframe:** Weekly Chart ## Price Action Overview Glenmark Pharmaceuticals is currently trading at ₹2,038.20, showing strong momentum with a 2.31% gain. The stock has demonstrated significant recovery from its mid-2024 lows and is currently testing critical resistance levels. ## Technical Structure The chart reveals a well-defined technical pattern with the following characteristics: **Support and Resistance Levels:** - Strong horizontal support at ₹1,790.65 (marked in black) has held multiple times - Target 1 (Tgt 1) at ₹2,132.50 represents immediate resistance - Target 2 (Tgt 2) at ₹2,225.50 marks the next major resistance zone **Trend Analysis:** The stock exhibits a clear recovery pattern from the March-April 2025 lows around ₹1,400-1,500. After testing support near ₹1,790, the price has bounced strongly and is now approaching the first target level. The presence of multiple moving averages (likely including 20, 50, and 200-period) suggests the stock is in a recovery phase, with shorter-term averages crossing above longer-term ones. **Pattern Recognition:** The descending trendline (shown in black) from the September 2024 peak has been broken to the upside, which is a bullish technical signal. This breakout suggests potential continuation of the upward momentum. ## Key Observations **Bullish Factors:** - Recent breakout above the descending trendline - Price holding above the ₹1,790 support zone - Positive price action with higher lows being formed - Current momentum showing +2.31% gain **Resistance Zones:** - Immediate resistance at ₹2,132.50 (Target 1) - Major resistance at ₹2,225.50 (Target 2) - Historical resistance zone around ₹2,300-2,400 from earlier in 2024 **Critical Levels to Watch:** - Support: ₹1,790.65 (crucial support level) - Current: ₹2,038.20 - Resistance: ₹2,132.50 and ₹2,225.50 ## Outlook The technical setup suggests a bullish bias as long as the stock maintains above the ₹1,790 support level. The breakout from the descending trendline and the current price position indicate potential for further upside toward the marked targets. However, traders should watch for potential resistance at the Target 1 level around ₹2,132.50. A sustained move above ₹2,132.50 could open the path toward ₹2,225.50, while a failure to break through this level might lead to consolidation or a pullback toward the ₹1,900-2,000 zone. --- *This analysis is based on technical chart patterns and should not be considered as financial advice. Please conduct your own research and consult with a financial advisor before making investment decisions.*
NSE:GLENMARKLong
by earnwhileulearn
Wave‑C Done? Glenmark Primed for Trend ResumptionGlenmark Pharma (NSE: GLENMARK) – Professional Chart Analysis, Price Path & Trading Advice (educational) Market structure and thesis The chart shows a completed impulsive advance into Wave 3, followed by a corrective a‑b‑c decline progressing into the Wave‑4 completion zone 1,698–1,921 that overlaps with a deeper Wave‑C completion band 1,728–1,774 . This clustering of supports, plus a prior change‑of‑character (ChoCH) earlier in the cycle, suggests the correction is maturing and a new advancing leg is probable if price holds above the invalidation. Candles in the box are showing decelerating downside and overlapping ranges, consistent with late‑stage corrective behavior; a higher low inside 1,74x–1,82x followed by a break of recent swing supply would confirm a trend inflection toward Wave‑5 projections. Key levels to watch Demand zones: 1,728–1,774 (C completion), 1,698–1,921 (Wave‑4 box). Trigger levels: Reclaim and daily close above 1,880–1,900 improves odds; a stronger confirmation is a close above 1,940–1,960 (box top/supply shelf). Invalidation: Day close below ~1,691 cancels the bullish swing setup and opens risk to lower retracements. Price movement prediction Base case (probability favored): Stabilization above 1,74x–1,82x → break and hold above 1,900 → push to Short‑Term T1 ≈ 2,053 , then Short‑Term T2 ≈ 2,187 as supply pockets get cleared. Sustained momentum and broader sector tailwinds can extend toward a mid‑term Wave‑5 objective 2,345–2,410 . Alternate (bearish): Failure to hold 1,74x–1,80x with a daily close below 1,691 shifts bias to distribution; expect a slide to prior swing supports before a fresh base is attempted. In this path, avoid bottom‑fishing and wait for a new ChoCH and higher‑low structure. Trade plan ideas Accumulate in parts: Stagger entries 1,74x–1,82x with a core risk defined by a day‑close stop below 1,691. Confirmation add: Add on daily close above 1,900–1,920 and again above 1,940–1,960 if volume expands. Profit taking: Scale 30–40% near 2,05x, another tranche around 2,18x; trail the remainder with a daily/weekly higher‑low stop for a potential run toward 2,35x–2,41x. Logic and validation checklist Confluence: Wave‑4 price box overlaps Wave‑C termination band → strong probability of correction end if defended. Structure: Need a higher low plus break/retest of 1,90x–1,96x to confirm demand dominance. Momentum: Look for improving RSI/MACD and rising green‑day volume on pushes through supply. Disclaimer: This post is for education only and not investment advice or a solicitation to buy/sell securities; I am not a SEBI registered analyst .
NSE:GLENMARKLong
by LiveTradingBox
GLENMARK - Bat 0.8 revThe Bat pattern is a precise harmonic pattern that I discovered in 2001. The Bat pattern is probably the most accurate pattern in the entire Harmonic Trading arsenal. The pattern possesses many distinct elements that define an excellent Potential Reversal Zone (PRZ). The pattern typically represents a deep retest of support or resistance that can frequently be quite sharp. Quick reversals from Bat pattern PRZs are quite common. In fact, valid reversals from Bat patterns frequently possess price action that is quite extreme. The pattern incorporates the powerful 0.886XA retracement, as the defining element in the Potential Reversal Zone (PRZ). The B point retracement must be less than a 0.618, preferably a 0.50 or 0.382 of the XA leg. The most ideal B point alignment is the 50% retracement of the XA leg. The B point is one of the primary ways to differentiate a Bat from a Gartley pattern. If a pattern is forming and the B point aligns at a 0.50 of the XA leg, it is likely to be a Bat. The Bat utilizes a BC projection that is at least 1.618. The BC projection can be as much as 2.618. However, the most ideal BC projections in a Bat pattern are a 1.618 or a 2.0. It is important to note that the BC projection must not be a 1.27, as anything less than a 1.618 BC projection invalidates the structure. Furthermore, the 1.27 BC projections are usually found in Gartley structures. The AB=CD pattern within the Bat distinguishes the structure, as well. This pattern is usually extended and ideally possesses a 1.27AB=CD calculation. However, the equivalent AB=CD pattern serves as a minimum requirement for any Bat to be a valid set-up. It is an incredibly accurate pattern and requires a smaller stop loss.
NSE:GLENMARKLong
by rameshirreplaceable
Glenmark Pharma shows a strong uptrend with periodic correctionsGlenmark Pharma has been moving in a clear weekly uptrend where each strong rise has been followed by a period of consolidation before the next move. This sequence appears three times on the chart, marked as rally and correction phases. After the most recent rise, price has entered a narrow downward channel. This forms a flag structure, which is a common type of consolidation during an ongoing trend. Volume has reduced during this period, which is normal in this kind of structure. A break above the upper boundary of this channel may indicate that the consolidation is ending and that the trend is ready to continue. The measured distance of the previous rise has been added on the chart to show a possible future level if the trend resumes. This idea is based entirely on the repeating structure of rally, pause and continuation that is visible on the weekly time frame. Follow for more clean charts and structured price action studies.
NSE:GLENMARKLong
by siripireddyvenu
11
GLENMARK - 50% Fibonacci Retracement as Support📍 50% Fibonacci Retracement as Support Although the 50% retracement is not an official Fibonacci ratio, it is one of the most widely used and most respected levels in technical analysis. Why? Because markets often retrace half of a strong move before continuing the trend. ✅ What It Means When the price has rallied and then pulls back, the 50% level of that move often acts as a strong support zone, where buyers step back in. 📘 How It Works Identify a strong up-move (swing low → swing high). Apply Fibonacci retracement. Look at the 50% level. If price falls to this level and holds, it is considered support. 📊 Why 50% Works as Support ✔ Many institutional traders watch it. ✔ Human psychology — markets often correct halfway. ✔ Big players accumulate around this level. ✔ Works well in trending markets. 🟢 Bullish Scenario: 50% as Support If price: Drops to the 50% retracement Slows down Forms reversal candles (hammer, bullish engulfing) Shows rising volume 👉 It indicates buyers defending the zone → uptrend likely to resume. 🎯 Entry, Stop-Loss & Target Entry: When price bounces from 50% level Stop-loss: Below the 61.8% or the swing low Target: Retest of the previous swing high (100%) If breakout continues, next target can be 1.272 or 1.618 extension.
NSE:GLENMARK
by BhavnaJain12
GLENMARK - Time for ATH?CMP: 1821 TFL 144 Minutes Observation: The script has been in bullish trend since March 2020 (Covid Lows) and is in the final leg of the impulse structure. This view is considered from Feb-2025 lows (1275.5) for the 5th wave. The counts are marked in the chart. In a nutshell, price is about to complete the 4th wave of the final 5th and the correction is expected to end around 1760-1780 levels. Reason being, AB=BC (100% extension of AB leg) target is placed at 1773, which also coincides/confluences with 200 DEMA and the previous demand zone Please be informed that the price has room to go down till 1585 as well (that's our invalidation level for the 4th wave). Hence, monitoring the price action at the zone of 1760-1780 for a good RR set up. Counts on Daily TF Weekly Chart: Results are due in 7th Nov. If this theses to work out, then, the results should be pretty good though.. Just to act as a trigger Disclaimer: I am not a SEBI registered Analyst and this is not a trading advise. Views are personal and for educational purpose only. Please consult your Financial Advisor for any investment decisions. Please consider my views only to get a different perspective (FOR or AGAINST your views). Please don't trade FNO based on my views. If you like my analysis and learnt something from it, please give a BOOST. Feel free to express your thoughts and questions in the comments section.
NSE:GLENMARK
by Murthy_Santhosh
4