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Tagged: Bearish, Glenmark, Head and Shoulders
The head and shoulder is not complete yet, with the right shoulder just forming. It might take another month or 2 to form. Once we see that the shoulder has formed with low volume and the price has broken the neckline, its time to go short on the stock with a price target of 740 and stop loss of 1085. The target should be achieved in 6 months.
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