Amid the coronavirus Pharma industry is making new highs expect few.
Glenmark Pharma may see some resistance at 315.06, above that if sustained on 5min charts then can be considered for going long on the stock for short horizon. Target for that will be 319.55 followed by 324. At 324 glenmark should see some strong resistance and may see some reversal. People preferring for long horizon can consider holding the long position till 333.06. Further, it would be prudent to book at 333.06 if reached.
On the short side a trade can be taken around 301.25 with target of 297.35 followed by 293.26 and 289.65. However no one should consider shorting Glenmark above 301.
p.s. My personal view is BULLISH on Glenmark but will trade as per my given levels only. Kindly do your own research as per your own risk.
DM me for detailed levels with further explanation, discussion, contrary views and SLs.