Glenmark Life Science
Tuesday, 1 October, 2022 Stock : Glenmark life science Symbol : GLS issue date : 06/Aug/2021 issues price : 695 - 720 CMP : 385.8 (NSE)
Glenmark Life Sciences is a leading pharmaceutical company that focuses on the development, manufacturing, and marketing of active pharmaceutical ingredients (APIs) and intermediates. The company's stock has been performing well in the market, and here is a report on the current support and resistance levels, along with a strategy and conclusion.
Current Condition:
Made all time high of 799 on 06/08/2021
it breaks the important level of 433
it is still in down trend, But it is slowly reaching to bottom
Bottom range is 295 - 350
Buying strategy:
if u are a aggressive investor then you can buy 30 out of 100 stock at current price ( 385 ).
And remaining 30 shares at 347 price
purchasing rest of 40 share after making bottom and during upward move (for all type of investor)
Support levels are :
Support -1 | 377 |
Support -2 | 347 |
Support -3 | 305 - 319 (important range) |
Resistance levels on upside are :
Resistance - 1 | 425 |
Resistance - 2 | 486 |
Resistance - 3 | 513 |
Resistance - 4 | 570 |
Conclusion :
For small investors : Avoid taking any long (buy) position For investment purposes.
Wait for conformation, we will review it after 6 week
3 to 5 Months Time required for accumulation or bottom out.
