Target:- 740 Stoploss:- 510 By analysis of the chart of Glenmark Pharma , we can easily see that stock has already take support on the support line and shown bullish candle. So we can enter in this point. RSI also in oversold position, and directing upward.
@brahmkhatriramesh, listen carefully, If Glenmark break the price level of 515 or the support line then kindly square off your existing position.
brahmkhatriramesh
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@marketaffairs, sirji for long term Glenmark is good or not
marketaffairs
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@brahmkhatriramesh, it's depend on various factors, like company's overall market share, financial performance, earning reports, some financial ratios like p/e, p/b and so one. for long term you need to go for fundamentals, otherwise need to follow weekly chart. If you're in losing trade more than 10 % then wait for exit. for more information kindly contact at maffairs15@gmail.com
tanmayjalan
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It took perfect support, but now seems that it might be heading for a re-test. The lack of significant volume expansion is worrisome to me. What say?
marketaffairs
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@tanmayjalan, Yes possibility showing something like that. In my opinion it's not seen by institutions yet and retail traders are still confused because after taking support stock shown two bullish candles, but now gone to consolidate range. So unless a big bullish candle stock will be in range for sometimes or might be test support line again.