Glenmark Pharma Ltd. is currently demonstrating a bullish trend, characterized by a higher high, higher low pattern—a strong technical setup.
The stock has recently broken out from a rounding bottom formation on the weekly chart, with the latest candlestick displaying a long-bodied green candle, signaling potential upside momentum.
This week’s formation of a bullish Marubozu pattern further supports the likelihood of continued upward movement.
Additionally, the Relative Strength Index (RSI) is positioned above its moving average and is trending upward, indicating sustained positive momentum in the near term
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