2026-05-06 09:53:00 am | Source: Motilal Oswal Wealth Management
Technical - Conviction Delivery Idea : Glenmark Pharmaceuticals Ltd For Target Rs. 2590 - Motilal Oswal Financial services Ltd
Glenmark Pharmaceuticals Ltd
(Mcap Rs 68,265 Cr.)
• Retesting breakout zones on daily chart.
• Strong bodied bullish candle.
• Respecting 50 DEMA.
• Rising volumes.
• RSI momentum indicator positively placed.
• We recommend to buy the stock at CMP Rs 2418 with a SL of Rs 2310 and a TGT of Rs 2590.
Buy Glenmark Pharmaceuticals Ltd CMP 2418 SL 2310 Target 2590 Duration 1 Week
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