GLENMARK PHARMA NEEDS A BULLISH CONFIRMATION CANDLE TO GO LONG

After making a recent High of 690 Glenmark has fallen steeply to the support zone at around 575-590 levels.

There is a Trend line support at 581.80 and even today the trend line has provided support in making a Doji type candle signifying indecision by the traders.

Now we need a strong Bullish followup candle to make up our mind.