consolidating near 6month rising trendline if holds above 750 on day closing bases can show good move towards 850 and on sustaining above 850 towards 875 level in September month .entry zone 765-775 levels . view fails on day closing below 750 .
The company is looking to reduce its debt..might even sell of part of entire stake in Glenmark life sciences. The stock is on the verge of a 6 year breakout. Long above 710 with a stoploss below 666. First level it could reach is 741 (by the end of this month) and then break above. This level has in the past acted like a major resistance so any breakout above...
Good chart structure on 15 min charts as well as daily time frame can move upside for 460 levels a stop loss can be maintined at 428
Glenmark will show 580 levels anyhow by hook or by crook long beta now is right time to invest
Glenmark pharma best buy above 506 Sl 497 tgt 540 positional 1-10d👆
Fresh by call glenmark pharma by above 537 Sl 532 tgt546/ 552👍 Educational purpose only
Stock respected the support levels and has made a bullish candle near support can expect to reach around 625-30 levels soon
you can buy Glenmark pharma when it comes around 500 Rs and the target are 1000 on the basis of head and shoulder pattern in 1 month time frame Thanks
GLEN MARK about to give breakout from H&S pattern dynamic
Hourly chart, Showing good consolidation. Keep n eye once it breaks out or breaks down.