Glaxo has BO'd from triangle pattern...it has been falling since some time, and IF IT CROSSES THE 200 EMA with good volumes in coming days, then i would take a position, not before that...because it could hit the 200EMA and slide down again. This is an idea, not a recommendation...remember the broader market has been falling too since a few days so be cautious.
Comment
⋅
Glaxo opened above 200 EMA..is up 5% today
Comment
⋅
Glaxo is moving up steadily..target 1 achieved..
Comment
⋅
Close to target 2...13.4% move already...1515 to 1730..moved 5% today
Comment
⋅
All targets done..today it has moved almost 10%...CMP 1772