A BO above 366 can take Glenmark to 396.
Updated
A strong BO above Rs 366 can take Glenmark to Rs 396 and further.
Observe the weekly volume build up in last 6 weeks. After a strong recovery from Rs 160 levels, the price has flew with tremendous volume to Rs 350 levels.
Observe the tight price consolidation in last 4 weeks with relatively less volume action.
% Delivery Qty to Traded Qty is increased in last 3 days( not plotted in chart).
Observe the weekly volume build up in last 6 weeks. After a strong recovery from Rs 160 levels, the price has flew with tremendous volume to Rs 350 levels.
Observe the tight price consolidation in last 4 weeks with relatively less volume action.
% Delivery Qty to Traded Qty is increased in last 3 days( not plotted in chart).
Trade active
BO done. Moving up with volume. Target 400++
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