Glenmark Pharma - Trend sustained
Topic Statement: Glenmark Pharma, despite a minor correction, remains on a bullish trajectory with strong support levels.
Key Points:
1. A head and shoulders pattern led to a price breakdown and a brief correction.
2. The stock found support at the uptrend line, maintaining its bullish structure.
3. The price is at the 38.2% retracement level, a key support area previously held in July and August 2024.
Key Points:
1. A head and shoulders pattern led to a price breakdown and a brief correction.
2. The stock found support at the uptrend line, maintaining its bullish structure.
3. The price is at the 38.2% retracement level, a key support area previously held in July and August 2024.
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