GLENMARK PHARMA READY FOR A GARANTUAN BREAKOUT
Updated
The stock has been forming a cup and handle pattern on the weekly time frame where the 965 level is acting as a crucial resistance however it can be shattered if the market sentiments favour and after that a prelonged rally , however a major concern for the company is its ailing balance sheet which shows quite concerning factors but for a swing trade it can be bought
Trade active
TARGET 1 NEARLY ACHIEVED RADY FOR 1760
IT HAS COMPLETED ROUNDING BOTTOM FORMATION SIMILAR TO THAT OF ZOMATO
Trade closed: target reached
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