rdkriplani

Glenmark Pharma - 6 year breakout

Long
NSE:GLENMARK1!   GLENMARK PHARM FUTURES
The company is looking to reduce its debt..might even sell of part of entire stake in Glenmark life sciences.
The stock is on the verge of a 6 year breakout.
Long above 710 with a stoploss below 666.
First level it could reach is 741 (by the end of this month) and then break above.
This level has in the past acted like a major resistance so any breakout above this could go up sharply.

Disclaimer

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.