GLENMARK PHARMACEUTICALS stock forum
GLENMARK Let's take a closer look at the 3-hour candlestick chart for Glenmark Pharmaceuticals Limited (GLENMARK), a leading Indian pharmaceutical company.
Here are some key insights based on the 3-hour chart:
Current Trend: GLENMARK has been trading in an upward trend, with a slight pullback over the past few hours.
Resistance and Support: The stock has a strong resistance level at around ₹630-640 and support level at around ₹610-620.
Bollinger Bands: The Bollinger Bands are expanding, indicating increased volatility in the stock.
Momentum: The RSI (Relative Strength Index) is above 50, indicating that the stock is in an overbought zone.
GLENMARK maybe its creates an head and shoulder pattern..and on retress
GLENMARK watch Glenmark to make green candle on heikinashi daily chart, then buy