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
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%+
GlaxoSmithKline Pharmaceuticals Limited is a pharmaceutical company. The Company and its subsidiary are engaged in the business of manufacturing, distributing and trading in pharmaceuticals. The Company develops a range of products in approximately three areas, including pharmaceuticals, vaccines and consumer healthcare. The Company's product portfolio includes prescription medicines and vaccines. The Company's prescription medicines range across therapeutic areas, and it also offers a range of vaccines for prevention of life-threatening diseases, such as pneumococcal disease, meningitis, hepatitis, rotavirus, whooping cough, small pox and influenza. It provides healthcare solutions to patients, with a range of prescription medicines across areas covering anti-infectives, dermatology, gynecology, diabetes, oncology, cardiovascular disease and respiratory diseases. The Company's manufacturing unit is located at Nashik, and its clinical development center is located in Bangalore.
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GLAXO
