GLENMARK

stock price analysis and breakout

Breakout The stock price of

was consolidating between the range of 1338 and 1471 since 7th April 2025 And yesterday on 2nd June 2025, it gave its closing above the important resistance level of 1471 Breaking the consolidation phase also, crossover may be seen between 20 and 100 moving averages in an upper direction, which indicates a further rise in the stock price RSI is at 67 A further rise in stock price may be seen, and it may move towards the level of 1580 The level of 1071 will now act as an important support level As support and resistance are interchangeable once broken