Skip to main content

Buy GLENMARK for Swing Trade – Target ₹1955–₹1980, Stop Loss ₹1875

Buy GLENMARK for Swing Trade – Target ₹1955–₹1980, Stop Loss ₹1875

Stock Name: Glenmark Pharmaceuticals Ltd.
CMP: ₹1907
Recommendation: BUY
Trade Type: Swing Trade
Target Price: ₹1955–₹1980
Stop Loss: ₹1875


🔍 Technical Overview

Glenmark Pharmaceuticals has shown a strong bullish reversal pattern on the daily chart after a period of consolidation near the ₹1870 zone. The stock has successfully held its 20-day moving average, indicating buying interest at lower levels.

Momentum indicators like RSI and MACD also confirm a positive trend, suggesting further upside potential in the short to medium term. A decisive breakout above ₹1910 could trigger fresh buying, paving the way toward the first target of ₹1955 and later ₹1980.

📊 Trade Strategy

  • Entry Zone: ₹1900–₹1910

  • Targets: ₹1955 / ₹1980

  • Stop Loss: ₹1875

  • Duration: 3–8 trading sessions (Swing Trade)

Traders can accumulate Glenmark around the current market price with a strict stop loss at ₹1875 to manage risk effectively.

🧠 Analyst View

The overall outlook remains positive for Glenmark Pharmaceuticals as the stock continues to maintain higher lows on the weekly chart, signaling sustained buying momentum. Sector-wide strength in the pharma space could also support further upside movement.

⚠️ Disclaimer

This recommendation is for educational and informational purposes only and does not constitute investment advice. Trading and investing in the stock market involve risk. Please consult your financial advisor before taking any trading positions.

Tags: Glenmark share price today, Glenmark stock analysis, Glenmark buy sell recommendation, swing trade ideas, pharma stock picks, MCX trading, NSE BSE stock tips

Labels:

Comments

Post a Comment

Popular posts from this blog

Nestle India Share Target: A Strategic Opportunity for Traders

Nestle India Share Target: A Strategic Opportunity for Traders Stock Name: Nestle India Ltd (NESTLEIND) Buy Price: Rs. 2261 Stop Loss (SL): Rs. 2240 Target Prices (TGT): Rs. 2286 and Rs. 2294 Nestle India, a subsidiary of the global food and beverage giant Nestle S.A., continues to attract attention in the Indian equity market. Known for its strong fundamentals, consistent performance, and robust brand portfolio, Nestle India often becomes a preferred choice for both long-term investors and short-term traders. In this blog post, we delve into the recent trading recommendation for Nestle India, which advises a buy at Rs. 2261, with a stop loss at Rs. 2240 and short-term targets of Rs. 2286 and Rs. 2294. Let’s explore the rationale behind this trade setup and what it means for traders looking to capitalize on short-term opportunities. Technical Analysis at a Glance From a technical standpoint, Nestle India is showing signs of bullish momentum. The stock has been forming higher lows,...
Post a Comment
Read more

Swiggy Faces ₹158 Crore Tax Demand Over Cancellation Fees: What It Means for the Digital Economy

Swiggy Faces ₹158 Crore Tax Demand Over Cancellation Fees: What It Means for the Digital Economy India’s food delivery giant Swiggy is in the news for facing a substantial tax demand of ₹158 crore for the financial year 2021–22. The issue is related to cancellation charges paid to merchants, which the Indian tax authorities allege were not properly taxed under the Goods and Services Tax (GST) framework. Swiggy plans to appeal the demand , arguing that the charges are compensatory in nature and not a taxable service . This case could set a major precedent for taxation in the digital economy . Key Facts At a Glance Swiggy Tax Dispute Summary Tax Amount : ₹158 crore Financial Year : 2021–22 Reason : Alleged non-payment of GST on cancellation charges Swiggy's Stand : Charges are compensatory, not a service Tax Department's View : Charges qualify as taxable supply Current Status : Swiggy to appeal the demand Potential Impact : Precedent for how digit...
Post a Comment
Read more

Tata Consumer Share Target: A Strategic Opportunity for Traders

Tata Consumer Share Target: A Strategic Opportunity for Traders Tata Consumer Products Limited (TATACONSUM) has recently caught the attention of traders and investors alike due to a promising technical setup. The current recommendation is to BUY TATACONSUM at Rs. 1085 , with a stop-loss (SL) at Rs. 1074 and targets (TGT) set at Rs. 1098 and Rs. 1104 . This strategic trading plan is based on technical analysis, market sentiment, and recent stock performance. Understanding the Trade Setup The recommended entry point of Rs. 1085 suggests that the stock has shown positive momentum and is positioned for an upward breakout. Traders who are closely monitoring price action patterns, moving averages, and volume indicators have noted bullish signals that indicate a potential short-term rally. The stop-loss at Rs. 1074 acts as a safety net, ensuring that if the stock doesn't perform as expected and moves downward, the losses are minimized. It reflects a prudent risk management strategy,...
Post a Comment
Read more