Stock of the day : Glenmark Ltd For Target Rs.830

28-11-2023 10:01 AM | Source: Religare Broking Ltd

Stock of the day : Glenmark Ltd For Target Rs.830 - Religare Broking

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Glenmark Ltd

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

* Rebounded higher finding support around the demand zone which coincides with 20 EMA on weekly chart.

* Chart pattern 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 786.50; Range* 785-788 ; SL 765; Target 830

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Stock of the day : Glenmark Ltd For Target Rs.830 - Religare Broking

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