GLENMARK PHARMA – TECHNICAL + FUNDAMENTAL SUMMARY

1. Technical Structure Price trading above key EMAs → strong short-term momentum. Holding key support at 1,905, forming a higher-low structure. R1: 2,087 acting as major resistance; R2: 2,285 next upside zone. Demand Zone (1,790–1,830) remains protected. 2. Price Behaviour Slow grind upwards after demand rejection. Multiple attempts to sustain above key level → accumulation visible. Strong bullish indicator alignment (EMA, RSI, Parabolic SAR, MACD). 3. Key Levels Support: 1,905 / 1,791 Resistance: 2,087 / 2,285 Key Level to Sustain: 1,905 4. Fundamentals (Short) Pharma sector showing stable volume expansion. Glenmark focusing on chronic therapies + US generics recovery. Steady revenue growth but margin pressure moderating. 5. Verdict ⭐ BUY BIAS Above 1,905 structure remains bullish; probability of R1 → R2 move is strong.