kalyanganguly

Glenmark - Breakout post accumulation

Long
NSE:GLENMARK   GLENMARK PHARM
Note: This is for educational purpose only. Please do not trade in F&O based on this analysis.

There seems to be a breakout post accumulation for last 190+ bars (approx. 1 year). Volumes are high which supports the breakout. Moreover, close price is near the high of the candle. RSI above 70 indicates high momentum.

SL: 460₹