Good structure observed in Glenmark pharma
few days back observed descending tringle breakout in this stock with volumes
after breakout retest done and Moving average crossover(21 and 200) also happened
then given a good move now stock is under consolidation
volume was picking up in uptrend and drying up in consolidation
above 591
good support 541-530
Target 630--641--690
Glenmark Pharmaceuticals Ltd
Market Cap-- ₹ 16,275 Cr
Stock P/E-- 10.3
ROCE-- 11.1 %
ROE-- 10.6 %
Promoter + institutional holdings >81%
few days back observed descending tringle breakout in this stock with volumes
after breakout retest done and Moving average crossover(21 and 200) also happened
then given a good move now stock is under consolidation
volume was picking up in uptrend and drying up in consolidation
above 591
good support 541-530
Target 630--641--690
Glenmark Pharmaceuticals Ltd
Market Cap-- ₹ 16,275 Cr
Stock P/E-- 10.3
ROCE-- 11.1 %
ROE-- 10.6 %
Promoter + institutional holdings >81%
Trade closed: target reached
TSL CTCTrade closed: target reached
640
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.