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kalyanganguly

Glenmark - Breakout post accumulation

Long
GLENMARK PHARM (NSE:GLENMARK)  
kalyanganguly  
NSE:GLENMARK   GLENMARK PHARM
Trend Analysis Chart Patterns Technical Indicators GLENMARK glenmarkpharma glenmarkanalysis glenmarktrend
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trendanalysis chartpattern indicator glenmark glenmarkpharma glenmarkanalysis glenmarktrend
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₹
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