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skandha1986

GLENMARK - Rounding Bottom pattern - 16% potential upside

Long
GLENMARK PHARM (NSE:GLENMARK)  
skandha1986 Updated   
NSE:GLENMARK   GLENMARK PHARM
Chart Patterns Trend Analysis
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chartpattern trendanalysis
Glenmark has formed rounding bottom pattern. Currently trading strongly near resistance zone of 405-410 levels.
A daily candle close above 410 levels will confirm upside move. We may look for targets of 455 and then 480 levels.
SL: Daily close below 400
View: 1-2 month
Trade closed: stop reached
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