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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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SEBI Registration number is INZ000174330
