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Glenmark Pharma hit the highest level since 2017. The stock has formed long bullish candlestick pattern on the daily timeframe with strong volumes, and traded above all key moving averages.
The market is anticipated to display sideways movement with increased volatility.
Anil Rego of Right Horizons anticipates robust annual earnings growth over the next three years, driven by a multi-decadal growth outlook for the economy.
One should keep an eye on the ongoing geo-political tensions and multiple important elections that will happen across the world this year, says Shailendra Kumar.
JBM Auto has seen a decisive breakout of falling resistance trendline and formed robust bullish candlestick pattern on the daily charts with healthy volumes. The stock stayed above all key moving averages.