Glenmark - Breakout post accumulation
Note: This is for educational purpose only. Please do not trade in F&O based on this analysis.
There seems to be a breakout post accumulation for last 190+ bars (approx. 1 year). Volumes are high which supports the breakout. Moreover, close price is near the high of the candle. RSI above 70 indicates high momentum.
SL: 460₹
There seems to be a breakout post accumulation for last 190+ bars (approx. 1 year). Volumes are high which supports the breakout. Moreover, close price is near the high of the candle. RSI above 70 indicates high momentum.
SL: 460₹
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