rich 1.0 Glenmark Pharma: Buy| Target: Rs 705 | Stop-Loss: Rs 655 | Upside: 4% Glenmark Pharma made a strong rebound in the last one month after remaining under selling regime where it consolidated from a higher price-band of 712-705 levels towards a low of 579-574 on its three-month price chart. Taking a strong support at 570 levels, the scrip managed to decisively breakout from its long-term moving average level placed at 611-606 levels, and made a decent volume growth to vindicate the current trend. The weekly RSI stood at a favorable level of 62 coupled with bullish crossover intact on MACD which is trading above its Signal-Line that happened previous week. We have a buy recommendation for Glenmark Pharma which is currently trading at Rs 676.15 RBL Bank: Buy| Target: Rs 579 | Stop-Loss: Rs 521 | Upside: 5% RBL Bank witnessed a steep correction from 651 levels towards a low of 483-438 levels in the last two months and continued to make durational consolidation despite its attempt to rebound. However, taking a strong support at 440 levels, the scrip made a substantial rebound with occasional dip for more than two weeks despite a weak market breadth. This week the scrip managed to breach upward from its 200-days EMA levels placed at 528 levels on closing basis, and similarly saw a volume growth to support the trend. The momentum indicator outlined a positive trend at the current level with RSI at 58 levels, while MACD is likely to witnessed bullish crossover in the coming session to trade above its signal line. We have a BUY recommendation for RBL Bank which is currently trading at Rs. 551.65 Cipla: Sell| Target: Rs. 510 | Stop-Loss: Rs. 540 | Downside: 3% After remaining on a strong trajectory for over a six-month period, the Cipla witnessed a reversal trend in the last few sessions to trade on the negative region. Apart from slipping downward from its short-term moving average levels, the scrip further witnessed a decisive breakdown from its long-term 200-days EMA level placed at 565 mark during this week’s session. It formed a long bearish pattern on its weekly price chart along with a subdued volume growth. It currently holds a strong support at 480 levels and breach below this level is expected to trigger another leg of the downward rally. The RSI stood at 30 levels while MACD trades above its Signal-Line which is expected to remain intact on a short-term basis. We have a sell recommendation for Cipla which is currently trading at Rs. 526.95 Moneycontrol Podcast https://audioboom.com/channels/4937727-moneycontrol-podcast Audioboom https://audioboom.com 480 95 https://audioboom.com/i/33887597/600x600/c 600 600 <iframe width="100%" height="95" src="https://embeds.audioboom.com/posts/7081335/embed?v=202301" style="background-color: transparent; display: block; padding: 0; width: 100%" frameborder="0" allowtransparency="allowtransparency" scrolling="no" title="Audioboom player" allow="autoplay" sandbox="allow-downloads allow-forms allow-popups allow-same-origin allow-scripts allow-storage-access-by-user-activation allow-top-navigation-by-user-activation"></iframe>