GLENMARK PHARMA: SHORT TERM: STRONG, LONG TERM: STRONG, PREVAILING BIAS: STRONG
Glenmark pharma is losing momentum in the immediate term on pathetic volumes. Never a good sign. If you have it for a few day's trade, let it go
Having said that, Glenmark pharma broke through a very critical resistance at 280 and added almost a 100 rupees. So unless it heads to 280 again, its long term trend will remain up (though looking at the volumes, the stock may have more to fall)
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Glenmark pharma is losing momentum in the immediate term on pathetic volumes. Never a good sign. If you have it for a few day's trade, let it go
Having said that, Glenmark pharma broke through a very critical resistance at 280 and added almost a 100 rupees. So unless it heads to 280 again, its long term trend will remain up (though looking at the volumes, the stock may have more to fall)
TO CONTINUE ACCESS TO QUESTIONS, PLEASE REGISTER AT http://www.ashudutt.com/userregistration.aspx REGISTRATION IS FREE
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