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nikhilgodhani
May 3, 2021 7:25 AM

Breakout in Glenmark (Positional)... Long

GLENMARK PHARMNSE

Description

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%

Trade closed: target reached

TSL CTC

Trade closed: target reached

640
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