GLENMARK

Good Idea For Swing

The stock has recently rebounded off a well-respected ascending trendline, confirming it as a strong dynamic support level. The recent bullish candlestick, accompanied by a surge in volume (1.46M), indicates fresh buying interest and strengthens the case for further upside. Price has broken above short-term resistance near ₹1,410, targeting the next resistance at ₹1,485–1,545 — a zone highlighted by the marked price projection of ₹72.10 (5.11%). This range also aligns with prior supply zones and recent swing highs. The breakout from a short-term consolidation and the positive momentum suggests bulls are gaining control, and a sustained move above ₹1,450 could trigger a rally toward ₹1,545. However, any failure to hold the trendline or a drop below ₹1,370 would invalidate this bullish structure and warrant caution.