Stock of the day : Glenmark Pharmaceuticals Ltd by Target Rs. 2150 - Religare Broking Ltd

Glenmark Pharmaceuticals Ltd
Buy Glenmark Pharmaceuticals Ltd CMP 2004.40 Range 2000-2005 SL 1930 Target 2150
* GLENMARK demonstrated a definitive upside breakout upon surpassing a descending trendline, indicating potential bullish momentum from current levels.
* After a two-month decline and gap fill, the stock established a robust support base.
* It is currently supported by key short- to medium-term exponential moving averages (21, 50 and 100 DEMA), with a notable rebound observed after touching the 50 DEMA.
* Investors may consider initiating long positions at suggested entry points.
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