GLENMARK

Chart is Inventing Bears !!!!!!!!!!!!!!

The chart of

shows that after a strong rally from around 1,600 to above 2,400, the stock faced selling pressure and is now consolidating. Price has retraced towards the key support zone near 2,000–1,906, where it previously broke out. Currently, the stock is trading at 2,047 with a weak bias, as it failed to sustain above 2,100 and is forming lower highs. The RSI is neutral around 52, indicating neither overbought nor oversold conditions, while MACD is showing a flattening pattern suggesting loss of momentum. ADX at ~24 also signals weakening trend strength. If price sustains above 2,000, it may consolidate before attempting an upward move, but a break below 1,906 could trigger deeper correction toward 1,800.