Stock of the day : Glenmark Pharmaceuticals Ltd by Target Rs. 2260- Religare Broking Ltd
Glenmark Pharmaceuticals Ltd
* GLENMARK exhibits a constructive bullish structure, with price action sustaining above its short, medium and long-term moving averages, reflecting strong trend alignment.
* Following an extended base formation, the stock has developed a consistent pattern of higher highs and higher lows, indicating strengthening momentum.
* The recent rebound from dynamic support, accompanied by stable volume, suggests accumulation rather than distribution.
* Traders may consider initiating long positions within the identified accumulation zone.
Buy Glenmark Pharmaceuticals Ltd CMP 2117.60 Range 2110-2120 SL 2460 Target 2040
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SEBI Registration number is INZ00017433
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