I had written about glenmark when the deep correction was on.
Glenmark elliottwave analysis in this post i had projected targets for
downmove bottom.
i was of the opinion the bottom could be in range 530-520 the stock made a low of 500 and reversed and now reading at 660+.A good 150+ move .The stock has potential to do 700 and then 780-800 in coming weeks.This upmove can be a d wave up or a new impulse up which can be confirmed as the upmove matures.Many pharma stocks have shown upmove we have seen in past many pharma rallies got fizzled but this rally looks promising as the wave looks over track all pharma stocks in dips can be bought rather on breakouts.
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