Tuesday, September 29, 2009

Glenmark Pharma


Glenmark Pharma is one stock which one should buy from 3-6 month perspective.

The stock is near it 200 days moving average and has been consolidating for a week. The stock has got good support at 164 and major support at 116.

The target would be 348(1st target) and major target would be 514.

The major support for stock is at 116 and as market is look good at current level one should buy this stock in two phases.

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