Glenmark Life Science Ltd - Waiting for Breakout
#GLS
CMP 646.2
Manufactures of high quality drugs (Pharmaceutical ingredients) .Promoter holdings are nearly 82% with nil pledge and nil debt . Annual net profit increasing for last 2 years. Price near 52 week high now. A bullish flag pattern is visible . Now trying to break 1 year long resistance trend line.Have strong resistance at 670-680 levels .Trying to break the same and if it breaks then the next level of resistance is at 750 - 775 levels. Expected to move near 900 levels .
Disclaimer : Only for educational prpose. Not a buying / selling recommendation. This is only my personal view. Please do your own analysis and act accordingly
CMP 646.2
Manufactures of high quality drugs (Pharmaceutical ingredients) .Promoter holdings are nearly 82% with nil pledge and nil debt . Annual net profit increasing for last 2 years. Price near 52 week high now. A bullish flag pattern is visible . Now trying to break 1 year long resistance trend line.Have strong resistance at 670-680 levels .Trying to break the same and if it breaks then the next level of resistance is at 750 - 775 levels. Expected to move near 900 levels .
Disclaimer : Only for educational prpose. Not a buying / selling recommendation. This is only my personal view. Please do your own analysis and act accordingly
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