STtraderr

Glenmark, trapped in triangle

Short
NSE:GLENMARK   GLENMARK PHARM
Can be shorted at 352-353
with small SL of 356.50
Target at 336
But at the same time, we must be cautious
for breakout at 356
so a stay above the range of 354-356
will lead to 372
SL at 350.80
Comment: Shorted at 353
Reversed 355
booked half at 363

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