Glenmark Pharmaceuticals
Limited shows
strong development within a rising trend
channel in the medium long term. Rising
trends indicate that the company
experiences positive development and that
buy interest among investors is increasing.
The stock has broken a resistance level in
the short term and given a positive signal for the short-term trading range. The stock
is testing resistance at rupee 440. This
could give a negative reaction, but an
upward breakthrough of rupee 440 means
a positive signal. Positive volume balance
strengthens the stock in the short term.
The stock is overall assessed as
technically positive for the medium long
term.
