Is Glenmark Pharma technically bullish or bearish?

Jul 06 2025 08:04 AM IST
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As of July 4, 2025, the stock's technical trend has shifted to bullish, supported by strong indicators like a bullish MACD, positive Bollinger Bands, and significant outperformance against the Sensex, with a 20.82% return over the last month.
As of 4 July 2025, the technical trend has changed from mildly bullish to bullish. The current technical stance is bullish with strong indicators supporting this view. The weekly MACD is bullish, and both the Bollinger Bands and Dow Theory are also indicating bullish trends. Daily moving averages confirm the bullish stance as well. The stock has shown significant outperformance against the Sensex over various periods, particularly with a 20.82% return over the last month compared to the Sensex's 3.01%. Overall, the strength of the bullish trend is reinforced by the positive performance metrics and technical indicators.
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