Stock has also broken out of Bearish Channel of 356 Points.
Target for same – 470+356 = 826
Fundamentally Stock can be valued at 776*30 ie 23280crs vs Current Market Cap of 15909 crs
Hence at 825 Rs Stock will be Fairly Priced
Technically Stock has broken and retested important Resistance level of 531. Hence more upside can be expected.
Long term Targets – 735,...
when price breaches 455.20 levels confirm it with retest then enter the trade.
exit - 407
(there is support level at 407 - if bears are still strong with increasing volume then hold it till you see otherways)
FUNDAMENTALS - glenmark fake rumor on covid vaccine had increased the price of the share drastically, later there was a correction in...
Glenmark Range Bound
A little upmove can be seen
in good market condition.
Resistance is around 439 while
Support is around 413.
If breakdown, we may see
level of 405-400 In near term.
Updated on : 20 July 2020 8.00am.
Disclaimer: Only for Learning Purpose.
Monthly chart -
Target 675 - 740
1. Price Volume breakout over trendline.
2. MACD positive cross over
3. RSI down trendline is broken on the upside.
4. RSI and William at favorable values supporting a BUY.