You can see in the above GLENMARK graph, we have drawn a trendline and we can see this time the price does not turn down after touching the trendline. Instead it breaks the trendline. Generally when the stock price breaks a trendline, it give a big move on the other side. So we can expect a good up side move in GLENMARK in the months to come. Please note that all such studies are helpful but the result of the prediction is not guaranteed.
