Glenmark Pharmaceuticals Ltd - Cup & Handle, Head & Shoulders
#GLENMARK
CMP:₹.855.50
Glenmark Pharmaceuticals Ltd operates is Pharmaceuticals - Indian - Bulk Drugs & Formln. Technically looking good.Stock near it's 52 week high now. Both the Cup & Handle and Head & Shoulders pattern identified in the chart. Waiting for a break out. Stock is tempting to break it's 4 year long resistance trend line. If it surpass this long trending susceptible resistance line the a 50% move can be acceptable. Brokers are also bullish on this stock.
Disclaimer : Post only for educational purpose. Not a buying / selling recommendation. This is only my personal view. I am not a SEBI registered analyst . Do your own analysis and act accordingly .
CMP:₹.855.50
Glenmark Pharmaceuticals Ltd operates is Pharmaceuticals - Indian - Bulk Drugs & Formln. Technically looking good.Stock near it's 52 week high now. Both the Cup & Handle and Head & Shoulders pattern identified in the chart. Waiting for a break out. Stock is tempting to break it's 4 year long resistance trend line. If it surpass this long trending susceptible resistance line the a 50% move can be acceptable. Brokers are also bullish on this stock.
Disclaimer : Post only for educational purpose. Not a buying / selling recommendation. This is only my personal view. I am not a SEBI registered analyst . Do your own analysis and act accordingly .
Trade ativo:
Have support @ 780 levels. Bounce back can be expected.
