Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "We like charts that stall, that tell us that smart money is accumulating quietly and silently and whenever the breakout comes it will come on the upside. For the last two trading days Glenmark Pharma has been on a narrow range. It is on the verge of a big move. I assume that the big move will be on the upside."
"Glenmark is a buying opportunity. It is not a day trading idea but it is an excellent idea if you want to make money and hold for a few days," he said.
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