nano6yogesh

Gelnmark – Double Bottom

Long
NSE:GLENMARK   GLENMARK PHARM
As mentioned yesterday, a reversal in pharma seems around the corner.

The stock has formed a good Double bottom with divergence and a large Bullish candle indicating that Buying Momentum is picking up.

Good opportunity to go long with a stop loss near ~ 500 levels for a target of ~ 582.
(However, keep an eye on the results)


Disclaimer: Views expressed here are my own, and should not be interpreted as an Investment Advice. Please consult your Financial Advisor for investments.

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