In the previous session, the market gave up all intraday gains in the last trading hour. The Nifty Index saw a gap up opening in the morning session and made high near 17919. However, in the middle of the market the index saw corrections from higher levels. Technically the Nifty Index formed a bullish candle on the chart and closed with a net gain of 194. Market looks volatile in the coming sessions, hence a cautious approach is advisable for the next trading day.

Look at the below research report of ‘Stocks to Buy for Wednesday, September 21, 2022’ the market opens.

Glenmark Pharmaceuticals Ltd.

In the daily time frame, GLENMARK PHARMA share prices are moving in a well channelized manner since long term. Stock prices are moving above the channel support line. A white bullish candle appeared on the daily chart. As shown on the chart stock comfortably closing above the Middle Band Bollinger on the chart which indicates short term bullishness. Also, the range of RSI also seen near 50 after the consolidation period which further confirms the bullish breakout.

In short, the trend for GLENMARK PHARMA looks to be positive for now. We can expect it to reach a target of 396 levels based on our analysis. This outlook is valid as long as we do not see any closing below Channel support.

Check More Analysis on GLENMARK PHARMA at: Glenmark Pharmaceuticals Ltd