GLENMARK PHARMA WEEKLY
On the attached weekly chart of Glenmark Pharma, you will find that the stock is consolidating for over 2 years in a 135 points range. With the stock now coming near the apex of the triangle, looks ready for upward break out.
Though the breakout takes place at 325, one can consider it for buying above 300 with stop loss of 285. Once it breaks out of 325, it will gain momentum with a target of about 450. On the way up, it will face hurdles at 350 and 390.
Happy Investing!
Ketan Asher.
Good Post Keep it up thanks for sharing the information.
ReplyDeleteHow long do you plan to invest? How much do you expect to earn on this investment?
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