GLENMARK LIFE SCIENCE LTD GLS

Rocky_Chow

The Annual Report of 22 gives the further capex plans of the company as follows: Existing capcity 766kl 240kl brownfield reactor capactiy at Dahej - completed during October of 2022 400kl brownfield reactor capacity at Ankleshwar - expecting completion announcement during Q3 concall effectively the reactor capacity increases by 85% to 1406kl ... 600kl to 800kl...

Rocky_Chow Updated 

Could be a triangle in formation....stop loss 404, final target of 560+ ..breakout max date by 13th of jan and max time to reach target 13th march 2023

rrgiyer Updated 

Glenmark Life Sciences IPO listed during the covid high has seen significant correction. Many who were not able to dispose off with the IPO has been bleeding and it seems the stock is ready for breakout The stock hit all time low of 370 and has shown a bounce back to CMP (427). It has given a channel breakout, retested trendline support thrice and has also...

kishanssaorde

We can see a yearly breakout i gls excepting a 8-20% ROI

SanwareyaTailor Updated 

- Good Delivery % since last three month. - Making Triple Tape. - Falling Wedge Pattern Buy Above : 420 SL : 375 Target : 480/530 Only investment & educational purpose

arynptl

I analyzed GLS on yesterday and today it had given breakout of the previous range by blasting nearly 8%. More strength above 450. Still trend hasn't changed but more chances of bullishness, falling wedge pattern forming in weekly tf.

Tradee1

Best Stock for the investment. Just my view for learning purposes. Dividend-paying stock

thjeyam

Can go long above 448 with below mentioned SL. first Target easily gettable but can also retrace till 532 for short term

Waves_Ltd

Two differt entry i mentioned. It will make higher high in coming days

jayaprakash99

Glenmark Life Science Ltd has been trading near the monthly trendline and its resistance level. If it breakout the trendline with good volume, 540 levels seem possible. However, if it fails to breakout, it may fall to 430 levels. DYOR

Kapil-Mittal Premium

DON'T HAVE TIME TO MANAGE YOUR TRADES? - Take BTST trades at 3:25 pm every day - Book profits within the first 30 minutes of the market opening - Try to exit by taking 3-5% profit of each trade - SL can be taken when the 5/15 min candle closes below 44EMA - SL can also be maintained as 1% or closing below the low of the breakout candle The levels mentioned on...

Rocky_Chow

In the coming week the price movement in a particular direction could lead to confirmation of further price action. A close below 427 will lead to 326 and a green weekly candle close would be a start to reversal upto 534 T1 and further break out from thereon will confirm double bottom and price may reach up to 638 being T2...the share is traded thinly and this...

Rocky_Chow Updated 

More of a techno funda stock, good capex going on... management rewarding shareholders with handsome divided (yield is like 4% at this price), margin pressure in the results of this quarter is more than discounted in the price, EBITA has fallen from 31% to 28% Y on Y...the stock has stopped falling and consolidating as it should in the 450-500 levels...the ROCE...

Rocky_Chow

After crashing through the abyss, finally the stock is coming out of its downfall with some semblance of stability, the price as come ou of a prior resistance of 490 levels...look for targets of about 550, being in the trade as long as price is above the upward sloping green trendline

kdukha Updated 

Buy around 600-605, keeping strict Sl @ 587 on closing basis. Targets- 640, 647, 656 *Note- Only for educational purpose

rks25195 Updated 

RSI has broken already, time for Price to follow. Contrarian view.

leroyjd123

Previous Close: ₹631.05 Buy at: ₹633 1st Target Price: ₹638 2nd Target Price: ₹647 3rd Target Price: 657 Stop-Loss: ₹ 624 Duration: 1 - 2 weeks Not guaranteed as the stock market is subjected to market risks. These calls are based on my own research and are meant for paper trading. Please do your own research if you are interested in investing or trading in the...

rishi333pandey

I came at this stock and it is taking a strong resistance keep a eye on it.