GLS Post BO [Weekly]

HawkishDove Updated   
GLS is retaining its strength post BO last week with good volumes. Its gearing up to breach its ATH levels now. Just see how the price takes support on 50 DMA since the 10W/40W cross.
If Market breadth stays solid, this could be fun to ride. Keeping in watchlist for now to see if the price consolidates and gives an entry point.
I also saw ZYDUS flashing from lifesciences too.
Pharma as a theme is doing solid and is likely to retain momentum post consolidation (if any)
See, now this is called strength :)
Analysing these kind of names will give learning as to which sectors to bet on while market breadth supporting the market condition for long.
Life sciences names have been doing strong.
GLS might take support here at ~800 as its a long base pivot point. One can keep a tight SL if one wants to get in, good point here is that 50 EMA and long base pivot might both provide enough support to stop the fall we have been seeing here.
Looks like no support taken on this. Sharp reaction it seems.


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