Glenmark is taking support near historical resistance zone around 600. The stock also shown bullish divergence with respect to money flow index. The stock can move upto another resistance zone around 720 or further towards 820. A close below 560 will indicate continuation of bearish trend and hence can be taken as stop loss.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.