Last year in Sept, 2024 when this stock was trading around 198, long was advised for targets of 280. The stock moved sharply and completed our targets in less than six months (Hit 276),
POST LINK https://x.com/TechguruArun/status/1834431620109000863
Just after we completed our targets, the stock came down and has been moving range-bound between 150 and 185 for the last 3 to 4 months.
Again, just yesterday, the stock moved sharply, breaking out of the range, and came on our radar. Add for short-term to medium-term target of 250 on sustaining above 200-205. Have a look at the chart.
In our last post on 23 April, we recommended Glenmark at 1410 for the target of 1550, the stock outperformed and hit 1687 in less than 2 months, minting almost 20% to our followers.
Now, after some correction, the stock is again looking good with an inverted Head & Shoulder pattern breakout and can be added here and on dips up to 1600 with a stop below 1575 for the target of 1850 in the coming weeks. Have a look at chart
