Buy Glenmark Pharma with a target of 540: Prakash Gaba

In a chat with ET Now, Prakash Gaba, CFT, prakashgaba.com, shares his views on Glenmark Pharma.

What is your call on Glenmark Pharma?

Glenmark Pharma is looking good to me, has seen a good up move on 448 to 500 zones and some consolidation around about 5 or 6 trading sessions here and again a fresh breakout here. The first target on Glenmark is around 530 but I do not think it is going to stop there, it is likely to go towards 540 to 550 zones, just needs to have a stop below this 505 mark and trade long side on Glenmark Pharma.