Glenmark Analysis !!
Glenmark is showing some weakness.
Let's discuss about the stock direction in coming weeks. there are two simple cases.
First - If you follow the straight horizontal lines support theory then stock is currently sitting on it support levels. ( Price on the day of writing)
In this case we could see long term up side movement. Targets not providing intentionally.
Second - If Stock could break these levels then it will visit the second support levels soon. The target would be 832 then.
Comment out and let me know what you think as per your study.
Let's discuss about the stock direction in coming weeks. there are two simple cases.
First - If you follow the straight horizontal lines support theory then stock is currently sitting on it support levels. ( Price on the day of writing)
In this case we could see long term up side movement. Targets not providing intentionally.
Second - If Stock could break these levels then it will visit the second support levels soon. The target would be 832 then.
Comment out and let me know what you think as per your study.
Penafian
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