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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