Glenmark has shown a bullish reversal on the back of very large volumes. If this trend continues, it could possibly be the bottom for a long time to come.
Long can be initiated for a medium term trade.
Target 1: 500.
Stop Loss: 310.
GLEANMARK PHARM seems to be find out the bottom as suggested by Elliott waves. Also exhaustion gap and breakaway gaps found along with divergence in price and RSI. Good for investment (long) for both short and long terms.
Target: Short term 1 year: ₹600
Long term 5 years: ₹1200
Key Levels for GLENMARK are : t.me - JOIN TELEGRAM CHANNEL
First Target~ 306
Lower Breakout~ 297
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