Glenmark Pharmaceuticals technical analysis

According to the latest Pivot data, Glenmark Pharmaceuticals’s immediate technical levels for the selected time period 5 minutes indicate key support and resistance zones that traders should closely monitor. The pivot point is positioned at ₹1644.23, serving as the central reference for market sentiment. On the upside, the stock faces resistance near ₹1656.56, ₹1673.93, and ₹1686.26, which may act as potential barriers to further price appreciation. On the downside, support levels are observed around ₹1626.86, ₹1614.53, and ₹1597.16, offering possible rebound zones in case of a correction. These levels are crucial for traders looking to identify entry, exit, or reversal points in Glenmark Pharmaceuticals’s price movement.