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 ₹2030.73, serving as the central reference for market sentiment. On the upside, the stock faces resistance near ₹2062.26, ₹2081.33, and ₹2112.86, which may act as potential barriers to further price appreciation. On the downside, support levels are observed around ₹2011.66, ₹1980.13, and ₹1961.06, 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.