Glenmark Pharma formed bullish candlestick pattern on the daily scale with above average volumes. The stock showed nice recovery in last four days after falling closer to 200-day EMA, and now traded above all key moving averages.
The bullish chart pattern like higher tops and bottoms continued as the per daily timeframe chart and Wednesday s swing high of 22,249 could now be considered as a new higher top of the sequence.
All have had sensational upward moves during the huge November/December 2023 rally, said by some to be attributable to modern artificial intelligence uses.
F&O Stocks to Buy: The Nifty futures closed negative with losses of 1.86% at 21202 levels on Tuesday. India VIX was up by 7.61% from 13.80 to 14.85 levels. Volatility spiked to 15.4 zones and awakened the bears which led to the weakness across the market.