A surge in volumes, positive divergence of Stochastics. Macdh and Rsi is the positive terrain. This apart, its 5 Ema and 20 Ema have intersected todays price candle, almost prepared to give a positive convergence.
On the weekly charts, Glenmark had given a breakout from a wedge-pattern at around 260 earlier this year, giving a tgt of 450-460 levels.
If glenmark manages to trade and close above 263 in the coming trading session, one can go long for a tgt of 450, stop at 234, the time frame being 6 months.
Happy Investing !!
Disclaimer: The said technical analysis is a perception based on various charting methods. Trades on my opinion are to be done solely at your own discretion.
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