08-12-2023 10:32 AM | Source: Religare Broking Ltd
Stock of the day : Buy Glenmark Ltd For Target Rs.870- Religare Broking

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GLENMARK Ltd

* We are seeing decent traction in selective pharma pack and Glenmark is trading insync.

* Rebounded higher finding support around the lower end of the range which coincides with 100 DEMA.

* Price action combined with buoyancy in the pharma pack is pointing towards breakout.

* We thus recommend creating fresh longs in the mentioned zone.

Buy GLENMARK Ltd CMP 821.90; Range* 821-823 ; SL 795; Target 870

 

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