GLENMARK - Long Term Investment

#GLENMARK #InvestmentIdeas

- gave weekly 200EMA breakout
- gave a Major 6years old trendline breakout
- NIFTY PHARMA sector is in focus as covid situation is getting critical in India.

If the stock is able to sustain above 585, it may move towards 800-850 (approx 61.8% Fibonacci pull back of major fall).
In the monthly chart, RSI is 50+ and nudging higher.