Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "Glenmark Pharma has an excellent chart, it had a base, a sharp rally and then a small decline. That decline takes the shape of a technical flag. It is breaking out of that flag telling us that much higher levels are coming."
He further added, "Glenmark is not a day trading opportunity. We have it here because today there are no day trading opportunities, almost none. Glenmark is a position trade, we buy it now, have the patience and we will see it not only do well in the next few days, but also over the next few weeks."
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