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Published on 31/07/2020 10:06:11 AM | Source: Motilal Oswal Financial Services Ltd

Buy Glenmark Pharma Ltd For Target Rs. 465 - Motilal Oswal

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Technical Trading Idea

* The stock has negated its formation of lower highs - lower lows on weekly scale and managed to hold above previous week's high of 430 zones. It has given a consolidation breakout with significant jump in trading volumes on daily scale with support at 420 zones. Pharma sector looks promising and price set up of this counter suggests an immediate up move towards 465 levels.

* Thus, recommending to buy the stock with stop loss below 430 for an upside target towards 465 levels.

 

Buy Glenmark Pharma Ltd  2-3 Days CMP 441 Target 465 SL 430

 

 

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