Glenmark: Buy: above 420, Target: 467, Stop loss: 398.

Buy: above 420, Target: 467, Stop loss: 398.
Only buy if it breaks the 412 level with a clean candle.
The stock should go up based on following parameters:

1) Fundamentals: Launch of Covid-19 drug
2) RSI: General uptrend because oscillator is hovering above 50 for quite some time
3) The stock has touched daily resistance level 3 times. So, resistance 412 has become weaker.
4) The 20 day EMA is acting as good support
5) Fibonacci: If it breaks upwards the resistance level of 412, then the next resistance/target could be 467.
6) If it is not able to break the daily level, then either it could consolidate at this resistance or come down, But this very unlikely.


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