Glenmark Pharma: Bet on a bounce back
Glenmark Pharmaceuticals (₹612): The long and medium-term outlook for the pharma major is negative. A crucial support is at ₹584 and a close below that will trigger a fresh selling. Immediate resistance is at ₹632 and a close above will change the short-term outlook to positive. Next resistance is at ₹685 and only a close above ₹720 will change the medium-term outlook to positive. F&O poi...
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