Bearish trend starts form lower top and lower bottom sequence. With the risk calculated the target price will be 572.4 but as per the chart target is not achieved.
Glenmark Pharma – Bearish – High Volume
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Stock Analysis
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Bullish View
Bearish View
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Good attempt, it is easy to spot major tops and bottoms if you have 2 years of data.
As per the trend, the target price is not achieved. So, we can do short covering at Rs.650 . Is my approach is right?