Merck is at its strong trend with Lower high pattern and towards its short term target of 3411.
With Lower highs trend (supported by 20 days EMA) towards its resistance could breakout the resistance and can reach its all time high of 3536.
Fresh Longs suggested above 3225.
2T VCP in progress. Confirmation of completion when price goes past 3220-3225.
Price taking support from confluence of supports provided by Quarterly vwap and Quarterly Pivot zone.