GLAXO SMITHKLINE P

NSE

GLAXO

Hi all, GLAXO looking excellent formation and Risk-Reward trade to the upside. ***Use Proper Risk and Money management Rule if you don't had a one please watch the play don't trade. If you have any Question comment below Thank you for your support --Prabhu Rajarathinam

Seems to be in bullish zone , target 1400.

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-----:: Explained in the chart ::-----

Glaxo:2731 Target 3000_3200 stop:2660 GlaxoSmithKline Pharmaceuticals is supported at 62% retrace level and having a break out from the consolidation now

A clean 5 wave either completed OR to be completed. Once this completes as A wave..then a multi month B wave corrective rise should come taking prices to 3100 to 3500 levels. A contrarian buy for a period of 1 year to reap returns of >25%+