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By EquityPandit

GLENMARKMARKET OUTLOOKSTOCK OUTLOOK

Glenmark Pharma Outlook for the Week (October 16, 2023 – October 20, 2023)

Glenmark Pharma
Glenmark Pharma
Glenmark Pharma closed the previous week on a negative note losing 3.79%.

Technically, Glenmark Pharma share price will see immediate support at 781.62 and immediate resistance would be seen at 812.27.

If Glenmark Pharma share price closes below immediate support of 781.62, then sharp breakdown can be seen. Glenmark Pharma share price will see major support at 764.88 for the week.

880.00880.00860.00860.00840.00840.00820.00820.00800.00800.00780.00780.00760.00760.00740.00740.00Aug 31Aug 31Sep 5Sep 5Sep 8Sep 8Sep 13Sep 13Sep 18Sep 18Sep 22Sep 22Sep 27Sep 27Oct 3Oct 3Oct 6Oct 6Oct 11Oct 11Reversal Level 813.65BuySellSell

On the positive side, immediate resistance will be seen at 812.27. Closing above 812.27, Glenmark Pharma share price will see a sharp breakout. Major resistance for Glenmark Pharma share price will be seen at 826.18 for the week.

Trading range for Glenmark Pharma share price for this week should be between 750.97 on down side and 842.92 on up side.

Glenmark Pharma Previous Week High: 809.45

Glenmark Pharma Previous Week Low: 778.8

Glenmark Pharma Previous Week Range: 30.65 Points

Glenmark Pharma share price support and resistance for the week (October 16, 2023 – October 20, 2023)

Level Type Value
Resistance 3 842.92
Resistance 2 826.18
Resistance 1 812.27
Support 1 781.62
Support 2 764.88
Support 3 750.97
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