Is Glenmark Pharma technically bullish or bearish?

Jul 07 2025 08:04 AM IST
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As of July 4, 2025, Glenmark Pharma's technical trend is bullish, supported by strong weekly indicators like the MACD and OBV, although caution is advised due to mildly bearish monthly signals.
As of 4 July 2025, the technical trend has changed from mildly bullish to bullish. The current stance is bullish with strong indicators supporting this view. The weekly MACD is bullish, and both the Bollinger Bands and On-Balance Volume (OBV) are also bullish on the weekly timeframe. The daily moving averages confirm the bullish trend as well. However, the monthly MACD and KST are mildly bearish, indicating some caution in the longer term. Overall, the strength of the bullish trend is reinforced by Glenmark Pharma's strong performance relative to the Sensex over various periods, particularly with a 20.82% return over the last month compared to the Sensex's 3.01%.
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