Glenmark Pharma – Resistance Breakout above 531

Stock has also broken out of Bearish Channel of 356 Points.
Target for same – 470+356 = 826

Fundamentally Stock can be valued at 776*30 ie 23280crs vs Current Market Cap of 15909 crs
Hence at 825 Rs Stock will be Fairly Priced
Technically Stock has broken and retested important Resistance level of 531. Hence more upside can be expected.
Long term Targets – 735, 940, 1154
SL – 514.85 (Weekly Close)
Duration -3 Years

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