volume weighted average 20 days at 1378 suggesting buy rounded bottom formation on daily chart it can target 50 and 200EMA AT 1490 AND 1460 IT WILL TRY TO FILL THE GAP CREATED IN 1600 LEVEL OVER A MEDIUM TREND
GLAXO CMP 3180 Stop 2700 Target 3800 plus Weekly chart: Moved out of a brief consolidation zone with good volumes. Possibility of momentum taking the stock towards 3800 plus high.
GlaxoSmithKline is heading lower to 1800-1900 levels in the coming months. It"s best to exit the stock and invest your money in one of our recommendations. Stay positive and make money.
Preaching for patience by setting the examples ;) Roughly 6 months ago we published this piece on technical analysis of Glaxo SmithKline Pharmaceutical Stock. ( bombaybulls.com )It was mentioned clearly in that post that buying the stock near 3600 ( it was trading near that price in March, 2016 ) and hoping for it to reach 4000 might be a gamble ! Six months...
Short Term Call wait for price to come to buy zone