2026-02-12 10:36:43 am | Source: Religare Broking Ltd
Stock of the day : Glenmark Ltd by Target Rs. 2140 - Religare Broking Ltd
GLENMARK
GLENMARK exhibits a constructive bullish setup, with prices sustaining above key moving averages and forming a sequence of higher lows, signaling strengthening trend dynamics.
Recent retracements remain corrective in nature and are met with healthy volumes, indicating firm demand at lower levels.
Overall price behavior reflects consolidation with a positive bias, enhancing the likelihood of trend continuation as momentum improves across timeframes.
Selective long positions may be considered near term.
Buy GLENMARK Ltd CMP 2015.20 Range 2012-2016 SL 1950 Target 2140
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