Seems to be in bullish zone , target 1400.
SHORT TERM GLAXO BUYING RANGE : 2425 TO 2375 TGT : OPEN (I WILL SAY FOR EXIT) SL- 2200 TIME FRAME:- 3 TO 6 MONTH
lets see further breakout movements
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%+
NSE:GLAXO Buy Range - Rs2350 to Rs2600 SL - Rs2200 (Daily Close) Target 1 - Rs3150 Target 2 - Rs3200 wait for price to come/