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GLENMARK, CONFIRMED SYMMETRICAL TRIANGLE BREAKDOWN (CHART# 374)

Short

GLENMARK PHARM (NSE:GLENMARK)

NSE:GLENMARK GLENMARK PHARM

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GLENMARK has given breakdown from symmetrical triangle and has only support near 464-5 zone. Below 463, this can fall further.
*** This is intraday only idea ***

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Comments

I have been waiting to short glenmark , let me grab this. thanks a lot

Will be good short candidate if market stays negative tomorrow

Chandruuu

@Chandruuu, Exactly. Market trend matter a lot.

Well, i think its in accumulation phase. It wont go below 450 atleast. Rather i think it will give a breakout on upper side .........but, no one can tell for how long this accumulation will last