positional Trading opportunity ! Weekly Chart Alert !!!
--Buy above =542.55
--Target = 688.25 ( 33.55 % )
--Stop-loss = 446
--Lot Size = 1150
--R:R = 2.50
--Expected Profit =1,98,000 ₹ per lot or 33 %
Technical Reasons to trade :- 🧢
1) Glenmark has pattern Formation and breakout.
2) Range breakout trading .
3) is more than sufficient i.e pattern & pattern.
4) Uptrend Is continuing and .
5) resistance is around 6858-733 .
Fundamental reasons to trade :-
1) Glenmark Pharmaceuticals to Redeem $8 Million Singapore-Listed Bonds
2) Glenmark Pharmaceuticals Gets US FDA Approval for Axitinib Tablets
3) Glenmark Pharma Gets Tentative U.S. FDA Approval For Axitinib Tablets
4) Dr .Reddy's Laboratories to Acquire Select Anti-Allergy Brands from Glenmark Pharmaceuticals
5) Glenmark Pharmaceuticals Lands Final USFDA Approval for Immunosuppressant
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