As per price action we have seen heavy rejection from high level.
We have seen 14 percent downside in just 1 week also Glenmark broke 50 EMA.
Now Glenmark standing at support area 580 to 590 good buying area zone. wait for good lower price rejection then we will make good buying entry. If any case 580 level will break then we can see down side move upto 550 and 550 200EMA.
We have seen 14 percent downside in just 1 week also Glenmark broke 50 EMA.
Now Glenmark standing at support area 580 to 590 good buying area zone. wait for good lower price rejection then we will make good buying entry. If any case 580 level will break then we can see down side move upto 550 and 550 200EMA.