financialeducationwithnanditha

GLENMARK possibility of breakout (support level)

Short
NSE:GLENMARK   GLENMARK PHARM
SHORT STRATEGY

when price breaches 455.20 levels confirm it with retest then enter the trade.
exit - 407
(there is support level at 407 - if bears are still strong with increasing volume then hold it till you see otherways)

FUNDAMENTALS - glenmark fake rumor on covid vaccine had increased the price of the share drastically, later there was a correction in price. glenmarks recent quater result were not imperessive due to wish there was selling pressure in market.