GLENMARK Pharmaceuticals is having UPPER Breakout level placed at 430.20 followed by INTERIM RESISTANCE placed at 438 followed by FINAL RESISTANCE ZONE placed at 447449, On the Lower Band, LOWER Breakout level is placed at 422 followed by INTERIM SUPPORT placed at 418.35 followed by FINAL SUPPORT placed at 414. Quarterly Results will give a more profound view on...
I have observed that there is a divergence in the RSI oversold area and today's Bullish Engulfing could offer a good trade with small risk. One can trade the stock as under
Entry current Price 425
Risk/Reward Ratio 4.4
Disclaimer : All ideas are my personnel view. Please take financial consultancy for trading decision.
NEW YEAR TRADE
GLENMARK MOVING HIGHER
IIF CLOSES ABOVE 692 IT WILL MANAGE TO WEEKLY RESISTANCE
WHICH WILL MAKE SURE THAT IN COMING DAYS A TARGET OF 720
AND 740 IS OPEN