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How to Trade Pharma Stocks : Glenmark & Sun Pharma

 


Stock is looking good on the weekly chart, where it is easily visible that stock is getting support near long-term trendline. Stock is trading all its major EMA (50,100). On sustaining above 1450, short term target looks 1550 and in long term one can expect retest of previous highs.

Have a look at chart





The stock is looking good on weekly charts, where bullish inverted Head & Shoulder pattern is easily identifiable. Neckline breakout has already happened. As per pattern, target looks above 2000. Have a look at the chart